Notes to SEFA
Title: BASIS OF ACCOUNTING
Accounting Policies: The District provided no federal funds to subrecipients during the year.
Pass-through entity identifying numbers are presented when available.
The District has elected to use the 10% de Minimis indirect cost rate.
De Minimis Rate Used: Y
Rate Explanation: The Auditee elected to use the de minimus cost rate.
The accompanying schedule of expenditures of federal awards including the federal grant activity of Sussex Conservation District is presented under programs of the federal government for the year ended December 31, 2024. The Schedule 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 financial statements.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The District provided no federal funds to subrecipients during the year.
Pass-through entity identifying numbers are presented when available.
The District has elected to use the 10% de Minimis indirect cost rate.
De Minimis Rate Used: Y
Rate Explanation: The Auditee elected to use the de minimus cost rate.
The District provided no federal funds to subrecipients during the year. Pass-through entity identifying numbers are presented when available. The District has elected to use the 10% de Minimis indirect cost rate.
Title: CASH MATCH
Accounting Policies: The District provided no federal funds to subrecipients during the year.
Pass-through entity identifying numbers are presented when available.
The District has elected to use the 10% de Minimis indirect cost rate.
De Minimis Rate Used: Y
Rate Explanation: The Auditee elected to use the de minimus cost rate.
The District has satisfied all matching requirements. The District has used the landowner cost required to plant cover crops. This is calculated at a rate of $87.64 per acre, as defined by the NRCS, for 2024. In addition, the District used dollars received from the State of Delaware to satisfy other matching
requirements.
Title: NON-CASH ASSISTANCE
Accounting Policies: The District provided no federal funds to subrecipients during the year.
Pass-through entity identifying numbers are presented when available.
The District has elected to use the 10% de Minimis indirect cost rate.
De Minimis Rate Used: Y
Rate Explanation: The Auditee elected to use the de minimus cost rate.
Included in the expenditures reported on the schedule of expenditures of federal awards is non-cash assistance from the United States Department of Agriculture for the use of federal property for a total of $42,005. This amount was determined at the fair market value of the rental of the property.