Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are presented in conformity with accounting principles
generally accepted in the United States and the amounts presented are derived from the
BOCES’ general ledger.
De Minimis Rate Used: N
Rate Explanation: The BOCES did not elect to use the 10 percent de-minimis indirect cost rate as allowed under the Uniform Guidance
The accompanying schedule of expenditures of federal awards (Schedule) includes the federal
grant activity of the Orange Ulster BOCES (BOCES), under programs of the federal government
for the year ended June 30, 2024. The information in this Schedule is presented in accordance
with the requirements of Title 2 U.S. Code of Federal Regulations 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 BOCES, it is not
intended to and does not present the financial position or the respective changes in financial
position of the governmental activities and each major fund of the BOCES.
Title: PASS-THROUGH PROGRAMS
Accounting Policies: Expenditures reported on the Schedule are presented in conformity with accounting principles
generally accepted in the United States and the amounts presented are derived from the
BOCES’ general ledger.
De Minimis Rate Used: N
Rate Explanation: The BOCES did not elect to use the 10 percent de-minimis indirect cost rate as allowed under the Uniform Guidance
Where the BOCES receives funds from a government entity other than the federal government
(pass-through), the funds are accumulated based upon the Assistance Listings number advised
by the pass-through grantor. Identifying numbers, other than the Assistance Listings numbers, which may be assigned by
pass-through grantors are not maintained in the BOCES’ financial management system. The
BOCES has identified certain pass-through identifying numbers and included them in the
schedule of expenditures of federal awards, as available.
Title: INDIRECT COSTS
Accounting Policies: Expenditures reported on the Schedule are presented in conformity with accounting principles
generally accepted in the United States and the amounts presented are derived from the
BOCES’ general ledger.
De Minimis Rate Used: N
Rate Explanation: The BOCES did not elect to use the 10 percent de-minimis indirect cost rate as allowed under the Uniform Guidance
Indirect costs are included in the reported expenditures to the extent they are included in the
federal financial reports used as the source document for the data presented.
Title: MATCHING COSTS
Accounting Policies: Expenditures reported on the Schedule are presented in conformity with accounting principles
generally accepted in the United States and the amounts presented are derived from the
BOCES’ general ledger.
De Minimis Rate Used: N
Rate Explanation: The BOCES did not elect to use the 10 percent de-minimis indirect cost rate as allowed under the Uniform Guidance
Matching costs, i.e. the BOCES share of certain program costs, are not included in the reported expenditures
Title: NON-MONETARY FEDERAL PROGRAM
Accounting Policies: Expenditures reported on the Schedule are presented in conformity with accounting principles
generally accepted in the United States and the amounts presented are derived from the
BOCES’ general ledger.
De Minimis Rate Used: N
Rate Explanation: The BOCES did not elect to use the 10 percent de-minimis indirect cost rate as allowed under the Uniform Guidance
The BOCES is the recipient of a federal financial award program that does not result in cash
receipts or disbursements, termed a “non-monetary” program. During the year ended June 30,
2023, the BOCES received food commodities totaling $22,599, which are presented in the
schedule as National School Lunch Program under Assistance Listing number 10.555.