Notes to SEFA
Title: Reporting Entity
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the grant activity of the Tri-County Regional Planning Commission and is presented on the modified accrual basis of accounting as described in Note 1B to the Tri-County Regional Planning Commission combined financial statements.
De Minimis Rate Used: N
Rate Explanation: The Commission did not use the 10% de minimis indirect cost rate.
The Tri-County Regional Planning Commission is the reporting entity for financial reporting purposes as defined in Note 1A to the Tri-County Regional Planning Commission’s combined financial statements.
Title: Basis of Accounting
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the grant activity of the Tri-County Regional Planning Commission and is presented on the modified accrual basis of accounting as described in Note 1B to the Tri-County Regional Planning Commission combined financial statements.
De Minimis Rate Used: N
Rate Explanation: The Commission did not use the 10% de minimis indirect cost rate.
The accompanying Schedule of Expenditures of Federal Awards includes the grant activity of the Tri-County Regional Planning Commission and is presented on the modified accrual basis of accounting as described in Note 1B to the Tri-County Regional Planning Commission combined financial statements. The Commission did not use the 10% de minimis indirect cost rate.