Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance for all awards. Under these principles certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Bemidji Regional Interdistrict Council No. 998 - Bemidji, Minnesota has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The above schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Bemidji Regional Interdistrict Council No. 998 - Bemidji, Minnesota. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts in the Schedule may differ from amounts presented in, or used in the preparation of the financial statements.
Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance for all awards. Under these principles certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Bemidji Regional Interdistrict Council No. 998 - Bemidji, Minnesota has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance for all awards. Under these principles certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Pass-through Entities
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance for all awards. Under these principles certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Bemidji Regional Interdistrict Council No. 998 - Bemidji, Minnesota has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
All pass-through entities listed above use the same assistance listing numbers as the federal grantors to identify these grants, and have not assigned any additional identifying numbers.
Title: Indirect Cost Rate
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance for all awards. Under these principles certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Bemidji Regional Interdistrict Council No. 998 - Bemidji, Minnesota has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Bemidji Regional Interdistrict Council No. 998 - Bemidji, Minnesota has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.