Notes to SEFA
Title: NOTE 1 - BASIS OF PRESENTATION AND MAJOR PROGRAM OBJECTIVES
Accounting Policies: ACCRUAL BASIS OF ACCOUNTING
De Minimis Rate Used: Y
Rate Explanation: DE-MINIMUS 10%
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Illinois Sheriffs’ Association. 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. Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: NOTE 2 - ADDITIONAL INFORMATION
Accounting Policies: ACCRUAL BASIS OF ACCOUNTING
De Minimis Rate Used: Y
Rate Explanation: DE-MINIMUS 10%
Other Federal Assistance - Illinois Sheriffs’ Association did not receive any federal insurance, federal loans or loan guarantees during the year ended December 31, 2024.
Title: NOTE 2 - ADDITIONAL INFORMATION
Accounting Policies: ACCRUAL BASIS OF ACCOUNTING
De Minimis Rate Used: Y
Rate Explanation: DE-MINIMUS 10%
Sub-Recipient Grants - Illinois Sheriffs’ Association did not pass through any federal funds to sub-recipients during the year ended December 31, 2024.
Title: NOTE 3 - INDIRECT COST RATE
Accounting Policies: ACCRUAL BASIS OF ACCOUNTING
De Minimis Rate Used: Y
Rate Explanation: DE-MINIMUS 10%
Illinois Sheriffs’ Association has elected to use the ten percent de-minimis indirect cost rate as allowed under the Uniform Guidance.