Notes to SEFA
Title: Passed Through to Subrecipients
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity ofFoundation for PA Watersheds referred to as FPW, and is presented on the accrual basis ofaccounting. The information in this schedule is presented in accordance with the requirements ofTitle 2 U.S. Code of Federal Regulations Pait 200, Uniform Administrative Requirements, CostPrinciples, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, someamounts presented in this schedule may differ from amounts presented in, or used in thepreparation, of the general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
FPW did not pass through any funds to subrecipients
Title: Major Programs
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity ofFoundation for PA Watersheds referred to as FPW, and is presented on the accrual basis ofaccounting. The information in this schedule is presented in accordance with the requirements ofTitle 2 U.S. Code of Federal Regulations Pait 200, Uniform Administrative Requirements, CostPrinciples, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, someamounts presented in this schedule may differ from amounts presented in, or used in thepreparation, of the general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
In order to determine that at 40% of federal expenditures were tested in accordance with the single audit requirements, the following calculation was made:Total federal expenditures per the SEFA $ 1,916,000 X 40%40% of federal expenditures $ 766,400Programs selected for testing:Abandoned Mine Land Reclamation (CFDA 15.252) $ 1,916,000Total programs selected for testing $ 1,916,000Percent of total federal expenditures tested 100%