Notes to SEFA
Title: General Information
Accounting Policies: The schedule of expenditures of federal awards is presented using the accrual basis of accounting. The amounts reported in this schedule as expenditures may differ from certain financial reports submitted to funding sources on either a cash or modified accrual basis of accounting.
De Minimis Rate Used: Y
Rate Explanation: CHCD has elected to use the 10 percent de minimus indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards presents the activities in all the federal awards programs of WOAR. All government financial assistance received directly from federal agencies, as well as
financial assistance passed through other governmental agencies or not-for-profit organizations, are included on the schedule.
Title: Relationship to Basic Financial Statements
Accounting Policies: The schedule of expenditures of federal awards is presented using the accrual basis of accounting. The amounts reported in this schedule as expenditures may differ from certain financial reports submitted to funding sources on either a cash or modified accrual basis of accounting.
De Minimis Rate Used: Y
Rate Explanation: CHCD has elected to use the 10 percent de minimus indirect cost rate allowed under the Uniform Guidance.
Federal awards expenditures are reported on the statements of activities and functional expenses. In certain programs, the expenditures reported in the basic financial statements may differ from the expenditures reported in the schedule of expenditures of federal awards, because program expenditures exceeding grant or contract budget limitations are not reflected on the schedule of expenditures of federal awards.
Title: Subrecipients
Accounting Policies: The schedule of expenditures of federal awards is presented using the accrual basis of accounting. The amounts reported in this schedule as expenditures may differ from certain financial reports submitted to funding sources on either a cash or modified accrual basis of accounting.
De Minimis Rate Used: Y
Rate Explanation: CHCD has elected to use the 10 percent de minimus indirect cost rate allowed under the Uniform Guidance.
No federal award expenditures were passed through to subrecipients during the year ended June 30, 2024.