Notes to SEFA
NOTE 1.BASIS OF PRESENTATIONThe schedule of expenditures of federal awards includes the federal grant activity of Hawaii County Economic Opportunity Council (HCEOC) and is presented, where applicable, on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements. NOTE 2.SUBRECIPIENTS HCEOC did not provide any of the federal awards listed in the schedule of expenditures of federal awards to subrecipients. NOTE 3.OVERSIGHT AGENCY The U.S. Department Health and Human Services has been designated as HCEOCs oversight agency NOTE 4.INDIRECT COST ALLOCATION HCEOC has not entered into an approved indirect cost negotiation agreement covering the year ended September 30, 2024. HCEOC has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance during year ended September 30, 2024.