Notes to SEFA
Title: Note 2 - Program Costs
Accounting Policies: NOTE 1 - Basis of Accounting
The Schedule is prepared on the same basis of acocunting as the agency's financial statements. The agency uses the accural basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Note 4 - Indirect cost Rate
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 recongnized following the cost principles contained in Title 2 .S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherin certian types of expenditues are limited to reimbursements.
Title: Note 3 - Program Income
Accounting Policies: NOTE 1 - Basis of Accounting
The Schedule is prepared on the same basis of acocunting as the agency's financial statements. The agency uses the accural basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Note 4 - Indirect cost Rate
The agency has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amount of project income applied against grant costs before requesting additional grant funding for Older Americans Act Programs (Transportation IIIB and Nutrition IIIC) is $227,853.