Notes to SEFA
Title: Funding from ECDC
Accounting Policies: The SEFA was prepared on the accrual basis of accounting, which is consistent with the accounting basis used to prepare the general purpose financial statements.
De Minimis Rate Used: Y
Rate Explanation: EACA elected to use the 10% de minimus cost rate under Uniform Guidance.
During the fiscal year ended June 30, 2024 ECAC received Federal Awards through ECDC associated with periodic program and administrative costs. Based on program requirements, ECAC has three to six months to spend the funds received upon the clients' enrollment. ECDC continuously monitors spending for each individual client on a monthly basis. The remaining funds covered direct assistance and administrative costs beyond the scope of the fiscal year ended June 30, 2024. ECAC has been subcontracting with ECDC continuously for the past several decades and has never been required to refund Per Capita Funds.