Notes to SEFA
Title: 1
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Associated Governments of Northwest Colorado under programs of the federal government for the year ended December 31, 2024, and is presented on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: 10% de minimums rule not used.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Associated Governments of Northwest Colorado under programs of the federal government for the year ended December 31, 2024, and is presented on the accrual basis of accounting.
Title: 2
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Associated Governments of Northwest Colorado under programs of the federal government for the year ended December 31, 2024, and is presented on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: 10% de minimums rule not used.
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).
Title: 3
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Associated Governments of Northwest Colorado under programs of the federal government for the year ended December 31, 2024, and is presented on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: 10% de minimums rule not used.
Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.