Notes to SEFA
Title: 1. BASIS OF PRESENTATION
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of
the Partnership and is presented on the accrual basis of accounting. 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). 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: Y
Rate Explanation: The System is required to use the Modified Total Direct Cost (MTDC) indirect cost rate allowed under
the OMB Uniform Guidance Part 200.414.
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of
the Partnership and is presented on the accrual basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts
presented in, or used in the preparation of, the Basic financial statements.
Title: 2. DESCRIPTION OF MAJOR PROGRAMS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of
the Partnership and is presented on the accrual basis of accounting. 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). 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: Y
Rate Explanation: The System is required to use the Modified Total Direct Cost (MTDC) indirect cost rate allowed under
the OMB Uniform Guidance Part 200.414.
State Library Program – (CFDA #45.310)
As authorized by the Library Services and Technology Act; Museum and Library Services Act of
1996, Title II, Public Law 104-208, to consolidate Federal library services programs; to stimulate
excellence and promote access to learning and information resources in all types of libraries for
individuals of all ages; to promote library services that provide all users access to information through
State, regional, and international electronic networks; to provide linkages among and between libraries;
and to promote targeted library services to people of diverse geographic, cultural, and socioeconomic
backgrounds, to individuals with disabilities, and to people with limited functional literacy or
information skills.
Title: 3. INDIRECT COST ELECTION
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of
the Partnership and is presented on the accrual basis of accounting. 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). 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: Y
Rate Explanation: The System is required to use the Modified Total Direct Cost (MTDC) indirect cost rate allowed under
the OMB Uniform Guidance Part 200.414.
The System is required to use the Modified Total Direct Cost (MTDC) indirect cost rate allowed under
the OMB Uniform Guidance Part 200.414.