Notes to SEFA
Title: Note 1 - Basis of Accounting
Accounting Policies: This schedule is prepared on the same basis of accounting as the commission's financial statements. The Commission uses the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Commission has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
This schedule is prepared on the same basis of accounting as the commission's financial statements. The Commission uses the accrual basis of accounting.
Title: Note 2 - Program Costs
Accounting Policies: This schedule is prepared on the same basis of accounting as the commission's financial statements. The Commission uses the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Commission has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amounts shown as current year expenditures represent only the federal grant portion of the program costs. Entire program costs, including the Commission's portion, may be more than shown.
Title: Note 3 - Indirect Cost Rate
Accounting Policies: This schedule is prepared on the same basis of accounting as the commission's financial statements. The Commission uses the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Commission has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Commission has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.