Notes to SEFA
Title: NOTE 1 – BASIS OF PRESENTATION
Accounting Policies: The accompanying Schedule of Expenditures of Federal and State Awards (the Schedule) include
the federal and state grant activity of the Southeast Tennessee Human Resource Agency and is
presented on the modified accrual basis of accounting. The information in this schedule is
presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts
presented in this schedule may differ from amounts presented in, or used in the preparation of, the
basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Southeast Tennessee Human Resource Agency has elected not to use the 10-percent de
minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal and State Awards (the Schedule) include
the federal and state grant activity of the Southeast Tennessee Human Resource Agency and is
presented on the modified accrual basis of accounting. The information in this schedule is
presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts
presented in this schedule may differ from amounts presented in, or used in the preparation of, the
basic financial statements.
Title: NOTE 2 – SUBRECIPIENTS
Accounting Policies: The accompanying Schedule of Expenditures of Federal and State Awards (the Schedule) include
the federal and state grant activity of the Southeast Tennessee Human Resource Agency and is
presented on the modified accrual basis of accounting. The information in this schedule is
presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts
presented in this schedule may differ from amounts presented in, or used in the preparation of, the
basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Southeast Tennessee Human Resource Agency has elected not to use the 10-percent de
minimis indirect cost rate allowed under the Uniform Guidance.
Of the federal expenditures presented in the Schedule, the Southeast Tennessee Human Resource
Agency did not provide federal awards to sub recipients.
Title: NOTE 3 – GRANT REVENUE RECEIVABLE
Accounting Policies: The accompanying Schedule of Expenditures of Federal and State Awards (the Schedule) include
the federal and state grant activity of the Southeast Tennessee Human Resource Agency and is
presented on the modified accrual basis of accounting. The information in this schedule is
presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts
presented in this schedule may differ from amounts presented in, or used in the preparation of, the
basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Southeast Tennessee Human Resource Agency has elected not to use the 10-percent de
minimis indirect cost rate allowed under the Uniform Guidance.
Grant revenue accrued (amount due from grantor) $ 2,552,982
Title: NOTE 4 – INDIRECT COST RATE
Accounting Policies: The accompanying Schedule of Expenditures of Federal and State Awards (the Schedule) include
the federal and state grant activity of the Southeast Tennessee Human Resource Agency and is
presented on the modified accrual basis of accounting. The information in this schedule is
presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts
presented in this schedule may differ from amounts presented in, or used in the preparation of, the
basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Southeast Tennessee Human Resource Agency has elected not to use the 10-percent de
minimis indirect cost rate allowed under the Uniform Guidance.
The Southeast Tennessee Human Resource Agency has elected not to use the 10-percent de
minimis indirect cost rate allowed under the Uniform Guidance.