Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (SEFA) is presented on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: NSBU has elected not to use the 10% de minimums indirect cost rate as allowed under the Uniform Guidance
The accompanying Schedule of Expenditures of Federal Awards (SEFA) is presented on the accrual basis of accounting.
The information in this schedule is presented in accordance with the requirements of the Uniform Guidance.
Title: Indirect Cost Rate
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (SEFA) is presented on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: NSBU has elected not to use the 10% de minimums indirect cost rate as allowed under the Uniform Guidance
NSBU has elected not to use the 10% de minimums indirect cost rate as allowed under the Uniform Guidance
Title: Disaster Grants - Public Assistance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (SEFA) is presented on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: NSBU has elected not to use the 10% de minimums indirect cost rate as allowed under the Uniform Guidance
During the fiscal year ended September 30, 2024, there were $2,175,078 related to FEMA-approved projects for the entity for expenses that have occurred. $2,175,078 of the expenses included on the SEFA were expended in the years ended September 30, 2022 and September 20, 2023