Notes to SEFA
Title: GENERAL INFORMATION
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activities in all the federal financial assistance programs of the Agency. All financial assistance received directly from federal agencies as well as financial assistance passed through other governmental agencies or nonprofit organizations is included on the schedule. The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting, which is the same basis of accounting used for the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Agency has not elected to use the 10% de minimis indirect cost rate as allowed in the Uniform Guidance Section 414.
The accompanying schedule of expenditures of federal awards presents the activities in all the federal financial assistance programs of the Agency. All financial assistance received directly from federal agencies as well as financial assistance passed through other governmental agencies or nonprofit organizations is included on the schedule.
Title: BASIS OF ACCOUNTING
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activities in all the federal financial assistance programs of the Agency. All financial assistance received directly from federal agencies as well as financial assistance passed through other governmental agencies or nonprofit organizations is included on the schedule. The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting, which is the same basis of accounting used for the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Agency has not elected to use the 10% de minimis indirect cost rate as allowed in the Uniform Guidance Section 414.
The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting, which is the same basis of accounting used for the basic financial statements.
Title: INDIRECT COST RATES
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activities in all the federal financial assistance programs of the Agency. All financial assistance received directly from federal agencies as well as financial assistance passed through other governmental agencies or nonprofit organizations is included on the schedule. The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting, which is the same basis of accounting used for the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Agency has not elected to use the 10% de minimis indirect cost rate as allowed in the Uniform Guidance Section 414.
The Agency has not elected to use the 10% de minimis indirect cost rate as allowed in the Uniform Guidance Section 414.