Notes to SEFA
Title: Summary of Significant Accounting Policies
Accounting Policies: The schedule presents total federal awards expended for each individual federal program during the fiscal year ended June 30, 2022. The information is the Schedule is presented in accordance with the requirements of OMB Uniform Guidance. Federal award program titles are reported as presented in the Federal Assistance Listing. Federal award programs include expenditures, pass-throughs to non-state agencies, non-monetary assistance and loan programs.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The expenditures for each of the federal financial assistance programs are presented in the Schedule on the accrual basis of accounting. 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 reimbursements.
Title: Subrecipients
Accounting Policies: The schedule presents total federal awards expended for each individual federal program during the fiscal year ended June 30, 2022. The information is the Schedule is presented in accordance with the requirements of OMB Uniform Guidance. Federal award program titles are reported as presented in the Federal Assistance Listing. Federal award programs include expenditures, pass-throughs to non-state agencies, non-monetary assistance and loan programs.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The council did not provide federal awards to subrecipients during the year.
Title: Non-Cash Assistance
Accounting Policies: The schedule presents total federal awards expended for each individual federal program during the fiscal year ended June 30, 2022. The information is the Schedule is presented in accordance with the requirements of OMB Uniform Guidance. Federal award program titles are reported as presented in the Federal Assistance Listing. Federal award programs include expenditures, pass-throughs to non-state agencies, non-monetary assistance and loan programs.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The Council did not provide any non-cash assistance, federal loans, or federal insurance during the year.