Notes to SEFA
Title: Note 3 Indirect Cost Rate
Accounting Policies: The accompanying schedule of expenditures of federal awards is prepared on the same basis of accounting as the Agency’s financial statements. The Agency uses the modified accrual basis of Accounting.
De Minimis Rate Used: N
Rate Explanation: The agency has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Agency submitted as part of the Area Plan Budget to the State of Washington, its Indirect Cost Allocation Plan. The allocation plan defines using indirect allocations based on relative value of expenditures of the programs being allocated to. The Area Plan Budget was approved.
Title: Note 4 Program Income
Accounting Policies: The accompanying schedule of expenditures of federal awards is prepared on the same basis of accounting as the Agency’s financial statements. The Agency uses the modified accrual basis of Accounting.
De Minimis Rate Used: N
Rate Explanation: The agency has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Agency uses the Deductive Method for Program Income. Program Income is used before billing Grant Funding.
Title: Note 5 Noncash Awards - Senior Farmer's Market Vouchers
Accounting Policies: The accompanying schedule of expenditures of federal awards is prepared on the same basis of accounting as the Agency’s financial statements. The Agency uses the modified accrual basis of Accounting.
De Minimis Rate Used: N
Rate Explanation: The agency has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Senior Farmer’s Market Nutrition Program vouchers reported on the Schedule is the value of redeemed vouchers during the current year and priced by ALTSA ($15,164 from USDA and $38,445 from ARPA).
Title: Note 6 Program Costs
Accounting Policies: The accompanying schedule of expenditures of federal awards is prepared on the same basis of accounting as the Agency’s financial statements. The Agency uses the modified accrual basis of Accounting.
De Minimis Rate Used: N
Rate Explanation: The agency has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amounts shown as current year expenditures represent only the federal grant portion of the program costs. Entire program costs, including the Agency’s portion, may be more than shown. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.