Notes to SEFA
Title: 1. BASIS OF PRESENTATION
Accounting Policies: The schedule of expenditures of federal awards includes the current year federal grant activity of the Department and is presented on the accrual basis of accounting. This information is presented in accordance with the requirements of the Uniform Guidance. Amounts presented in this schedule as expenditures may differ from amounts presented in, or used in the preparation of, the basic financial statements, although such differences are not material.
De Minimis Rate Used: Y
Rate Explanation: The Department has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The schedule of expenditures of federal awards includes the current year federal grant activity of the Department and is presented on the accrual basis of accounting. This information is presented in accordance with the requirements of the Uniform Guidance. Amounts presented in this schedule as expenditures may differ from amounts presented in, or used in the preparation of, the basic financial statements, although such differences are not material.
Title: 2. INDIRECT COST RATE
Accounting Policies: The schedule of expenditures of federal awards includes the current year federal grant activity of the Department and is presented on the accrual basis of accounting. This information is presented in accordance with the requirements of the Uniform Guidance. Amounts presented in this schedule as expenditures may differ from amounts presented in, or used in the preparation of, the basic financial statements, although such differences are not material.
De Minimis Rate Used: Y
Rate Explanation: The Department has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Department has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.