Notes to SEFA
Title: Note 1: Basis of Presentation
Accounting Policies: Note 2: Summary of Significant Accounting Policies
Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are reported following the cost
princples contained in the Uniform Guidance, where certain types of expenditures are not allowable or are limited to reimbursement.
Pass-through entity identifying numbers are presented where available. The Agency has elected not to use the 10 percent deminimis cost
rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Agency has elected not to use the 10 percent deminimis cost
rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Agency under programs of the
federal government for the year ended June 30, 2024, except for the federal grant activity, if any, of the Agency's discretely presented
component units. 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 this schedule presents only a selected portion of the operations of the Agency, it is not intended to present the
financial position, changes in financial position or cash flows, where applicable, of the Agency.