Notes to SEFA
Title: BASIS OF ACCOUNTING
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of all federal programs of the Coalition reporting entity as described in Note 1 to the financial statements. All federal awards received from federal agencies are included on the schedule.
De Minimis Rate Used: N
Rate Explanation: The Coalition has not elected to use the 10 percent de minimus indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting, which is described in Note 2 to the Coalition’s financial statements.
Title: PAYMENTS TO SUBRECIPIENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of all federal programs of the Coalition reporting entity as described in Note 1 to the financial statements. All federal awards received from federal agencies are included on the schedule.
De Minimis Rate Used: N
Rate Explanation: The Coalition has not elected to use the 10 percent de minimus indirect cost rate as allowed under the Uniform Guidance.
The Coalition made the following payments to subrecipients during the year ended June 30, 2024:
Title: RECONCILIATION OF SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS TO THE FINANCIAL STATEMENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of all federal programs of the Coalition reporting entity as described in Note 1 to the financial statements. All federal awards received from federal agencies are included on the schedule.
De Minimis Rate Used: N
Rate Explanation: The Coalition has not elected to use the 10 percent de minimus indirect cost rate as allowed under the Uniform Guidance.
The following is a reconciliation of the expenditures reported on the schedule of expenditures of federal awards to the expenditures reported in the financial statements: