Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of the Township and 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 (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Green Oak Charter Township it is not intended to and does not present the financial position or changes in net position or cash flows of Green Oak Charter Township. The expenditures on the schedule of expenditures of federal awards do not include local match.
The Township, as a governmental organization, reports on the modified accrual basis of accounting for financial statement presentation in accordance with accounting principles generally accepted in the United States of America. Such expenditures are recognized following the cost principles contained in the Uniform Guidance where certain types of expenditures are not allowable or are limited as to reimbursement. Passthrough entity identifying numbers are presented where available. The Township has elected not to use the 10 percent de minimus indirect rate allowed under the Uniform Guidance for awards executed on or before September 30, 2024, and has also elected not to use the 15 percent de minimus indirect cost rate allowed under the Uniform Guidance for awards executed on or after October 1, 2024.
No Federal Awards were passed through by the Township to any subrecipient during the year.