Notes to SEFA
Title: NOTE 1: GENERAL
Accounting Policies: The accompanying schedule of expenditures of federal awards and schedule of
expeditures of state financial assistance present the activity of all federal awards and
state financial assistance of the Agency. The Agency is defined in Note 1 of the Notes
to the Financial Statements. All federal awards and state financial assistance passed
through other governmental agencies are included on the schedule of expenditures of
federal awards and schedule of state financial assistance.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The accompanying schedule of expenditures of federal awards and schedule of
expeditures of state financial assistance present the activity of all federal awards and
state financial assistance of the Agency. The Agency is defined in Note 1 of the Notes
to the Financial Statements. All federal awards and state financial assistance passed
through other governmental agencies are included on the schedule of expenditures of
federal awards and schedule of state financial assistance.
Title: NOTE 2: BASIS OF ACCOUNTING
Accounting Policies: The accompanying schedule of expenditures of federal awards and schedule of
expeditures of state financial assistance present the activity of all federal awards and
state financial assistance of the Agency. The Agency is defined in Note 1 of the Notes
to the Financial Statements. All federal awards and state financial assistance passed
through other governmental agencies are included on the schedule of expenditures of
federal awards and schedule of state financial assistance.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The accompanying schedule of expenditures of federal awards and schedule of state
financial assistance is presented using the modified accrual basis of accounting. This
basis of accounting is described in the Notes to the Agency’s financial statements.
Title: NOTE 3: RELATIONSHIP TO THE FINANCIAL STATEMENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards and schedule of
expeditures of state financial assistance present the activity of all federal awards and
state financial assistance of the Agency. The Agency is defined in Note 1 of the Notes
to the Financial Statements. All federal awards and state financial assistance passed
through other governmental agencies are included on the schedule of expenditures of
federal awards and schedule of state financial assistance.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Amounts reported in the accompanying schedules agree with amounts reported in the
Agency’s financial statements. Financial assistance revenues are reported in the
Agency’s financial statements on a GAAP basis as follows: See the Notes to the SEFA for chart/table.
Title: NOTE 4: RELATIONSHIP TO FEDERAL AND STATE FINANCIAL REPORTS
Accounting Policies: The accompanying schedule of expenditures of federal awards and schedule of
expeditures of state financial assistance present the activity of all federal awards and
state financial assistance of the Agency. The Agency is defined in Note 1 of the Notes
to the Financial Statements. All federal awards and state financial assistance passed
through other governmental agencies are included on the schedule of expenditures of
federal awards and schedule of state financial assistance.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Amounts reported in the accompanying schedule agree with the amounts reported in the
related federal and state financial reports.
Title: NOTE 5: INDIRECT COST RATES
Accounting Policies: The accompanying schedule of expenditures of federal awards and schedule of
expeditures of state financial assistance present the activity of all federal awards and
state financial assistance of the Agency. The Agency is defined in Note 1 of the Notes
to the Financial Statements. All federal awards and state financial assistance passed
through other governmental agencies are included on the schedule of expenditures of
federal awards and schedule of state financial assistance.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The Agency has elected to use the 10 percent de minimis indirect cost rate as allowed
under the Uniform Guidance.
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