Notes to SEFA
Title: NOTE 1: GENERAL
Accounting Policies: GAAS, GAS, Uniform Guidance
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10-percent de minim is indirect cost rate allowed under
the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (Schedule A) includes the federal
award activity of the Clayton Volunteer Fire Company No. 1 (the Fire Company) under the FEMA -
Assistance to Firefighters Grant for the period ended December 31, 2024. The information in this
Schedu!e is presented in accordance with the requirements of Title 2 U.S. Code of Federal
Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a
selected portion of the operations of the Authority, it is not intended to, and does not, present the net
position, changes in net position, or cash flows of the Fire Company.
Title: NOTE 2: FEMA - ASSISTANCE TO FIREFIGHTERS GRANT
Accounting Policies: GAAS, GAS, Uniform Guidance
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10-percent de minim is indirect cost rate allowed under
the Uniform Guidance.
On August 17, 2023, the U.S. Department of Homeland Security awarded the Fire Company a Fiscal
Year 2022 Assistance to Firefighters Grant, in the amount of $946,073. As a condition of this grant,
the Fire Company is required to contribute non-Federal funds equal to or greater than 10.0% of the
Federal funds awarded, or $94,607 for a total approved budget of $1 ,040,680.00.
Title: NOTE 3: INDIRECT COST RATE
Accounting Policies: GAAS, GAS, Uniform Guidance
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10-percent de minim is indirect cost rate allowed under
the Uniform Guidance.
The Organization has elected not to use the 10-percent de minim is indirect cost rate allowed under
the Uniform Guidance.
Title: NOTE 4: CONTINUING COMPLIANCE REQUIREMENTS
Accounting Policies: GAAS, GAS, Uniform Guidance
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10-percent de minim is indirect cost rate allowed under
the Uniform Guidance.
As of December 31 , 2024, there are no continuing compliance requirements with respect to the
FEMA - Assistance to Firefighters Grant.