Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures in the schedule are reported on the modified 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. Negative amounts
shown on the schedule represent adjustments or credits made in the normal course of business to
amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Southwest has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance and instead has a unique restricted indirect cost allocation plan across all of its programs.
The accompanying schedule of expenditures of federal awards includes the activity of all federal and
state award and financial assistance programs of Southwest Human Resource Agency and is presented
on the modified accrual basis of accounting. Federal awards received directly from federal agencies as
well as federal awards passed through other government agencies are included on the schedule. The
information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of
Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected
portion of the operations of Southwest Human Resource Agency, it is not intended to and does not
present the financial position, changes in net assets, or cash flows of Southwest Human Resource
Agency
Title: Emergency Food Assistance
Accounting Policies: Expenditures in the schedule are reported on the modified 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. Negative amounts
shown on the schedule represent adjustments or credits made in the normal course of business to
amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Southwest has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance and instead has a unique restricted indirect cost allocation plan across all of its programs.
Non-monetary assistance is reported in the schedule at the fair market value of the commodities received
and disbursed. At June 30, 2023, Southwest had food commodities inventory totaling at $320,875.
Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures in the schedule are reported on the modified 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. Negative amounts
shown on the schedule represent adjustments or credits made in the normal course of business to
amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Southwest has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance and instead has a unique restricted indirect cost allocation plan across all of its programs.
Expenditures in the schedule are reported on the modified 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. Negative amounts
shown on the schedule represent adjustments or credits made in the normal course of business to
amounts reported as expenditures in prior years.
Title: Indirect Cost Rate
Accounting Policies: Expenditures in the schedule are reported on the modified 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. Negative amounts
shown on the schedule represent adjustments or credits made in the normal course of business to
amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Southwest has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance and instead has a unique restricted indirect cost allocation plan across all of its programs.
Southwest has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance and instead has a unique restricted indirect cost allocation plan across all of its programs.