Notes to SEFA
Title: Note 1 - Association and Grant Activity
Accounting Policies: Note 3 - Summary of Significant Accounting Policies Expenditures reported on the schedule are reported on the cash basis of accounting. Such expenditures
are recognized following the cost principle contained in Title 48 CFR Part 31.2, Contract Cost Principles
and ProceduresContracts with Commercial Organizations, wherein certain types of expenditures are
not allowable or are limited as to reimbursement.
The Association has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.
De Minimis Rate Used: N
Rate Explanation: Washington Independent Telecommunications Association has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Washington Independent Telecommunications Association (WITA or Association) is a nonprofit trade
association established in 1915, dedicated to advocating for and supporting independent
telecommunications providers in Washington State. With over a century of experience, WITA plays a
pivotal role in shaping the state's telecommunications landscape.
WITA's mission is to advance and promote an environment that enables its members to provide highquality
services in response to the evolving needs of their customers in the telecommunications
marketplace. The association serves as a forum for members to share industry trends, educate legislators
and regulators, provide training opportunities, and connect vendors with members to build state-of-the-art
networks across Washington.
WITA was awarded a Coronavirus State and Local Fiscal Recovery Funds Grant from Washington State
Department of Commerce to extend broadband services to residents and businesses in several lowdensity
population pockets of Mason and Island Counties. The grant will result in fiber-to-the-home and
offer broadband internet up to 1,000 Mbps (gigabit) with synchronous upload and download speeds. The
availability of high-speed internet service will also significantly enhance the capabilities of state and local
emergency responders in these areas.
Title: Note 2 - Basis of Presentation
Accounting Policies: Note 3 - Summary of Significant Accounting Policies Expenditures reported on the schedule are reported on the cash basis of accounting. Such expenditures
are recognized following the cost principle contained in Title 48 CFR Part 31.2, Contract Cost Principles
and ProceduresContracts with Commercial Organizations, wherein certain types of expenditures are
not allowable or are limited as to reimbursement.
The Association has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.
De Minimis Rate Used: N
Rate Explanation: Washington Independent Telecommunications Association has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the schedule) for the U.S. Department of
the Treasury State and Local Fiscal Recovery Funds includes the federal grant activity of Washington
Independent Telecommunications Association under programs of the federal government for the year
ended June 30, 2024. The information in this schedule is presented in accordance with the requirements
of Title 2 U.S. Code of Federal Regulations (CFR) 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 Washington Independent Telecommunications
Association, it is not intended to, and does not, present the financial position, results of operations, or
cash flows of the Association.
Title: Note 4 - Commitments and Contingencies
Accounting Policies: Note 3 - Summary of Significant Accounting Policies Expenditures reported on the schedule are reported on the cash basis of accounting. Such expenditures
are recognized following the cost principle contained in Title 48 CFR Part 31.2, Contract Cost Principles
and ProceduresContracts with Commercial Organizations, wherein certain types of expenditures are
not allowable or are limited as to reimbursement.
The Association has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.
De Minimis Rate Used: N
Rate Explanation: Washington Independent Telecommunications Association has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Association receives a portion of its funding from this Program, which is subject to audit. The ultimate
determination of amounts received under this Program is generally based upon allowable costs reported
to and subject to audit by supporting federal agencies. There is a contingency to refund any amounts
received in excess of allowable costs. Management believes that disallowed costs, if any, will be
immaterial to the schedule of the Program.
Title: Note 5 - Managements Evaluation of Subsequent Events
Accounting Policies: Note 3 - Summary of Significant Accounting Policies Expenditures reported on the schedule are reported on the cash basis of accounting. Such expenditures
are recognized following the cost principle contained in Title 48 CFR Part 31.2, Contract Cost Principles
and ProceduresContracts with Commercial Organizations, wherein certain types of expenditures are
not allowable or are limited as to reimbursement.
The Association has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.
De Minimis Rate Used: N
Rate Explanation: Washington Independent Telecommunications Association has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Association has evaluated subsequent events through June 30, 2025, the date on which the
schedule was available for issuance.