Notes to SEFA
Accounting Policies: All Federal grant operations of LNESC are included in the scope of Title 2 U.S. Code ofFederal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, andAudit Requirements for Federal Awards (the Single Audit). The Single Audit was performedin accordance with the provisions of the OMB Compliance Supplement (the ComplianceSupplement). Compliance testing of all requirements, as described in the ComplianceSupplement, was performed for the major grant program noted below. The programs on theschedule of expenditures of Federal awards (the Schedule) represent all Federal awardprograms and other grants with fiscal year 2022, cash or non-cash expenditures activities. Forsingle audit testing, we tested to ensure coverage of at least 20% of Federally granted funds.Our actual coverage was 99%. The major program tested is listed below.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.