Notes to SEFA
Title: Note 1: Basis of Presentation
Accounting Policies: Note 1: Basis of Presentation
The accompanying schedule of expenditures of federal awards ("SEFA") includes the federal grant activity of The Alice Aycock Poe Center for Health Education and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 US Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and the State Single Audit Implementation Act. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.Note 2: Indirect Cost Rate
The Alice Aycock Poe Center for Health Education uses the 10% de minimis indirect cost rate as approved by the North Carolia Department of Health and Human Services.Note 3: Summary of Significant Accounting Policies
Expenditures reported in the SEFA are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The accompanying schedule of expenditures of federal awards ("SEFA") includes the federal grant activity of The Alice Aycock Poe Center for Health Education and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 US Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and the State Single Audit Implementation Act. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
Title: Note 2: Indirect Cost Rate
Accounting Policies: Note 1: Basis of Presentation
The accompanying schedule of expenditures of federal awards ("SEFA") includes the federal grant activity of The Alice Aycock Poe Center for Health Education and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 US Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and the State Single Audit Implementation Act. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.Note 2: Indirect Cost Rate
The Alice Aycock Poe Center for Health Education uses the 10% de minimis indirect cost rate as approved by the North Carolia Department of Health and Human Services.Note 3: Summary of Significant Accounting Policies
Expenditures reported in the SEFA are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The Alice Aycock Poe Center for Health Education uses the 10% de minimis indirect cost rate as approved by the North Carolia Department of Health and Human Services.
Title: Note 3: Summary of Significant Accounting Policies
Accounting Policies: Note 1: Basis of Presentation
The accompanying schedule of expenditures of federal awards ("SEFA") includes the federal grant activity of The Alice Aycock Poe Center for Health Education and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 US Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and the State Single Audit Implementation Act. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.Note 2: Indirect Cost Rate
The Alice Aycock Poe Center for Health Education uses the 10% de minimis indirect cost rate as approved by the North Carolia Department of Health and Human Services.Note 3: Summary of Significant Accounting Policies
Expenditures reported in the SEFA are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Expenditures reported in the SEFA are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.