Notes to SEFA
Title: Reporting Entity
Accounting Policies: The Dauphin County Economic Development Corporation is the reporting entity for financial reporting purposes as defined in Note 1A to the Dauphin County Economic Development Corporation's financial statements.
De Minimis Rate Used: N
Rate Explanation: The Corporation did not use the 10% de minimis indirect cost rate.
The Dauphin County Economic Development Corporation is the reporting entity for financial reporting purposes as defined in Note 1A to the Dauphin County Economic Development Corporation's financial statements.
Title: Basis of Accounting
Accounting Policies: The Dauphin County Economic Development Corporation is the reporting entity for financial reporting purposes as defined in Note 1A to the Dauphin County Economic Development Corporation's financial statements.
De Minimis Rate Used: N
Rate Explanation: The Corporation did not use the 10% de minimis indirect cost rate.
The accompanying Schedule of Expenditures of Federal Awards includes the grant activity of the Dauphin County Economic Development Corporation and is presented on the accrual basis of accounting as described in Note 1B to the Dauphin County Economic Development Corporation’s financial statements. The Corporation did not use the 10% de minimis indirect cost rate.
Title: Risk-Based Audit Approach
Accounting Policies: The Dauphin County Economic Development Corporation is the reporting entity for financial reporting purposes as defined in Note 1A to the Dauphin County Economic Development Corporation's financial statements.
De Minimis Rate Used: N
Rate Explanation: The Corporation did not use the 10% de minimis indirect cost rate.
The 2024 threshold for determining Type A and Type B Programs is $750,000. The following Type A program was audited as major: ALN Program 14.218 Community Development Block Grant – Entitlement Grants 14.239 HOME Investment Partnerships Program. The amount expended under the program audited as a major federal program for the year ended December 31, 2024, totaled $3,007,186 or 99.54% of total federal awards.