Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all federal award programs of Fresno COG. Federal awards received directly from federal agencies, as well as federal awards passed through other government agencies are included in the schedule. The information in this schedule 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).
The accompanying SEFA is presented using the accrual basis of accounting, which is described in Note 1 of Fresno COG’s financial statements. Expenditures reported on the SEFA are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Federal award expenditures agree or can be reconciled with the amounts reported in Fresno COG’s basic financial statements. ALN number 20.526 reported on the SEFA includes expenditures that were incurred by the pass-through entity in a prior fiscal year. This is a result of timing differences in when the pass-through entity submitted reimbursement requests and when the expenditures were incurred. See SEFA reconciliation below:
Fresno COG elected not to use the 10 percent de minimis indirect cost rate applicable for the period July 1, 2024 through September 30, 2024, and also elected not to use the 15 percent de minimis indirect cost rate applicable for the period October 1, 2024 through June 30, 2025, as allowed under the Uniform Guidance.