Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: ACCRUAL BASIS
De Minimis Rate Used: Y
Rate Explanation: THE COUNCIL ELECTED TO USE THE 10% DEMINIMIS INDIRECT COST RATE
THE SCHEDULE PRESENTS TOTAL FEDERAL AWARDS EXPENDED FOR EACH INDIVIDUAL FEDERAL PROGRAM IN ACCORDANCE WITH THE REQUIREMENTS OF OMB UNIFORM GUIDANCE.
Title: SUMMARY OF SIGNIFICNAT ACCOUNTING POLICIES
Accounting Policies: ACCRUAL BASIS
De Minimis Rate Used: Y
Rate Explanation: THE COUNCIL ELECTED TO USE THE 10% DEMINIMIS INDIRECT COST RATE
THE EXPENDITURES ARE PRESENTED IN THE SEFA ON THE ACCRUAL BASIS OF ACCOUNTING.
Title: SUBRECIPIENTS
Accounting Policies: ACCRUAL BASIS
De Minimis Rate Used: Y
Rate Explanation: THE COUNCIL ELECTED TO USE THE 10% DEMINIMIS INDIRECT COST RATE
THE COUNCIL DID NOT PROVIDE FEDERAL AWARDS TO SUBRECIPIENTS DURING THE YEAR ENDED JUNEO 30, 2024.
Title: NON-CASH ASSISTNACE, LOANS OUTSTANDING AND INSURANCE
Accounting Policies: ACCRUAL BASIS
De Minimis Rate Used: Y
Rate Explanation: THE COUNCIL ELECTED TO USE THE 10% DEMINIMIS INDIRECT COST RATE
THE COUNCI DID NOT RECEIVE ANY FEDERAL NON-CASH ASSISTANCE, FEDERA LOANS OR FEDERAL INSURANCE FOR THE YEAR ENDED JUNE 30, 2024.
Title: INDIRECT COST RATE
Accounting Policies: ACCRUAL BASIS
De Minimis Rate Used: Y
Rate Explanation: THE COUNCIL ELECTED TO USE THE 10% DEMINIMIS INDIRECT COST RATE
THE COUNCIL HAS ELECTED TO USE THE 10% DEMINIMIS COST RATE