Notes to SEFA
Title: Note 3 - Federal Indirect Cost Rate
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Kitsap County’s financial statements. The County uses the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The County has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amount expended includes $86,607 claimed as an indirect cost recovery using an approved indirect cost rate of 9.93 percent.
Title: Note 4 - Program Income
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Kitsap County’s financial statements. The County uses the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The County has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Program income is receipted using the deductive method. The County requires the grantee to use the income as an offset against expenditures before requesting additional grant funding. Program income is listed separately for the CDBG and HOME grant programs on Schedule 16.
Title: Note 5 - Program Costs
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Kitsap County’s financial statements. The County uses the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The County 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 award portion of the program costs. Entire program costs, including the county’s portion, are more than shown. 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 reimbursement.
Title: Note 6 - Award Identification Number Unavailable (N/A)
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Kitsap County’s financial statements. The County uses the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The County has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The grantor did not provide an award identification number for this grant.