Notes to SEFA
Title: NOTE 1 – GENERAL
Accounting Policies: SEFA is presented using the accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: Agency may negotiate an alternative indirect cost rate of up to 25 percent
The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all federal award programs
of the California Health Collaborative (the Agency). Federal awards received directly from federal agencies, as well as
federal awards passed through other government agencies are included in the schedule. The information in this SEFA 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).
Title: NOTE 2 – BASIS OF ACCOUNTING
Accounting Policies: SEFA is presented using the accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: Agency may negotiate an alternative indirect cost rate of up to 25 percent
The accompanying SEFA is presented using the accrual basis of accounting, which is described in Note 2 of the Agency’s
financial statements.
Title: NOTE 3 – RELATIONSHIP TO FINANCIAL STATEMENTS
Accounting Policies: SEFA is presented using the accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: Agency may negotiate an alternative indirect cost rate of up to 25 percent
Federal award expenditures agree or can be reconciled with the amounts reported in the Agency’s financial statements.
Title: NOTE 4 – INDIRECT COST RATE
Accounting Policies: SEFA is presented using the accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: Agency may negotiate an alternative indirect cost rate of up to 25 percent
The Agency has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
For specific contracts, the Agency may negotiate an alternative indirect cost rate of up to 25 percent.