Notes to SEFA
Title: NOTE 2: BASIS OF ACCOUNTING
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Council and
is presented on accounting principles generally accepted in the United States of America. The information is
presented on the accrual basis of accounting. 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).
De Minimis Rate Used: Y
Rate Explanation: The Council has elected to use the 10% de minimus indirect cost rate allowed under Uniform Guidance. Indirect costs were determined as part of the Grant's approved budget.
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Council and is presented on accounting principles generally accepted in the United States of America. The information is presented on the accrual basis of accounting. 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: NOTE 3: CLAIMS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Council and
is presented on accounting principles generally accepted in the United States of America. The information is
presented on the accrual basis of accounting. 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).
De Minimis Rate Used: Y
Rate Explanation: The Council has elected to use the 10% de minimus indirect cost rate allowed under Uniform Guidance. Indirect costs were determined as part of the Grant's approved budget.
The Council has received federal grants for specific purposes that are subject to review and audit by the Federal Government. Although such audits could result in expenditure disallowance under grant terms, any required reimbursements are not expected to be material which have not already been recorded.
Title: NOTE 4: INDIRECT COSTS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Council and
is presented on accounting principles generally accepted in the United States of America. The information is
presented on the accrual basis of accounting. 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).
De Minimis Rate Used: Y
Rate Explanation: The Council has elected to use the 10% de minimus indirect cost rate allowed under Uniform Guidance. Indirect costs were determined as part of the Grant's approved budget.
The Council has elected to use the 10% de minimus indirect cost rate allowed under Uniform Guidance. Indirect costs were determined as part of the Grant's approved budget.