Notes to SEFA
The supplementary Schedule of Expenditures of Federal Awards (Schedule) has been prepared using the cash basis method of accounting. It is drawn primarily from PRWAO's internal accounting records, which are the basis for PRWAO Statement of Cash Receipts, Disbursements and Net Changes (the Statement).
The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal award activity of PRWAO. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations. Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the Statement. PRWAO reporting entity is defined in Note 1 in the Notes to the Statement. All federal awards received passed-through other government agencies, if any, are included on the Schedule.
This schedule is prepared from PRWAO's accounting records and is not intended to present financial position or the results of operations. The financial transactions are recorded by the PRWAO in accordance with the terms and conditions of the grants, which are consistent with US GAAP. Expenditures are recognized in the accounting period in which the liability is paid. PRWAO has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The ALN number included in this Schedule were determined based on the program name, review of grant contract information and the Office of Management and Budget's Catalog of Assistance Listing Numbers.
Major program is identified in the Summary of Auditors' Results Section of the Schedule of Findings and Questioned Costs on pages 28 to 29.
Cash disbursements included in the Schedule of Expenditures of Federal Awards agree with the amounts included in the accompanying Statement of Cash Receipts, Disbursements and Net Changes.