Notes to SEFA
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS IS PREPARED ON THE ACCRUAL BASIS OF ACCOUNTING. EXPENDITURES ARE RECOGNIZED WHEN LIABILITIES ARE INCURRED.
De Minimis Rate Used: N
Rate Explanation: THE AUDITEE DOES NOT USE THE DE MINIMIS COST RATE.
BASIS OF ACCOUNTING-THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS IS PREPARED ON THE ACCRUAL BASIS OF ACCOUNTING. EXPENDITURES ARE RECOGNIZED WHEN LIABILITIES ARE INCURRED
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS IS PREPARED ON THE ACCRUAL BASIS OF ACCOUNTING. EXPENDITURES ARE RECOGNIZED WHEN LIABILITIES ARE INCURRED.
De Minimis Rate Used: N
Rate Explanation: THE AUDITEE DOES NOT USE THE DE MINIMIS COST RATE.
THE FEDERAL PORTION OF GRANTS IS DETERMINED BASED ON GRANT AGREEMENTS, REMITTANCE ADVICE AND OTHER PUBLISHED INFORMATION OR BASED ON DIRECT INQUIRY TO GRANTORS. IN INSTANCES WHERE THE FEDERAL PORTION IS DETERMINABLE BY DATE REMITTANCE, IT IS ASSUMED THAT EXPENDITURES WERE INCURRED AT THAT SAME DATE.
Title: ABBREVIATIONS
Accounting Policies: THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS IS PREPARED ON THE ACCRUAL BASIS OF ACCOUNTING. EXPENDITURES ARE RECOGNIZED WHEN LIABILITIES ARE INCURRED.
De Minimis Rate Used: N
Rate Explanation: THE AUDITEE DOES NOT USE THE DE MINIMIS COST RATE.
THE FOLLOWING ABBREVIATIONS ARE USED IN THE SCHEDULE: DCED- PA DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT. DHS- PA DEPARTMENT OF HUMAN SERVICES. PS- PENN SERVE. AGR- PA DEPARTMENT OF AGRICULTURE. SNYDER- SNYDER COUNTY PA. UNION-UNION COUNTY PA. DOT -US DEPARTMENT OF THE TREASURY