Notes to SEFA
Title: Summary of Significant Accounting Policies for Expenditures
Accounting Policies: The accompanying schedule of expenditures of federal awards includes state and local activity as well as the federal grant activity of the Alliance under programs of the federal government for the year ended August 31, 2024. The information in this schedule is presented in accordance with the requirements of 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of operations of the Alliance, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Alliance.
De Minimis Rate Used: N
Rate Explanation: During the year ended August 30, 2024, the Alliance did not elect to implement the 10% de minimis indirect cost rate.
Expenditures reported on this 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: Pass-through Entity Identifying Numbers
Accounting Policies: The accompanying schedule of expenditures of federal awards includes state and local activity as well as the federal grant activity of the Alliance under programs of the federal government for the year ended August 31, 2024. The information in this schedule is presented in accordance with the requirements of 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of operations of the Alliance, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Alliance.
De Minimis Rate Used: N
Rate Explanation: During the year ended August 30, 2024, the Alliance did not elect to implement the 10% de minimis indirect cost rate.
Pass-through entity identifying numbers are presented where available.
Title: Subrecipients
Accounting Policies: The accompanying schedule of expenditures of federal awards includes state and local activity as well as the federal grant activity of the Alliance under programs of the federal government for the year ended August 31, 2024. The information in this schedule is presented in accordance with the requirements of 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of operations of the Alliance, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Alliance.
De Minimis Rate Used: N
Rate Explanation: During the year ended August 30, 2024, the Alliance did not elect to implement the 10% de minimis indirect cost rate.
The Alliance does not have subrecipients or subrecipient expenditures.