Notes to SEFA
Title: Loans receivable outstandings
Accounting Policies: Expenditures reported on the schedule are reported on the cash basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Council has elected not to use the 10-percent de minimis indirect cost rate.
The Council had the following balances of loans receivable outstanding at June 30, 2024, under federal land programs.
Title: Calculated federal expenditures
Accounting Policies: Expenditures reported on the schedule are reported on the cash basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Council has elected not to use the 10-percent de minimis indirect cost rate.
None