Notes to SEFA
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of the North Dakota Office of the State Auditor under programs of the federal government for the year ended June 30, 2025. The information 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). Because the schedule presents only a selected portion of the operations of the North Dakota Office of the State Auditor, and accordingly, the State of North Dakota, it is not intended to and does not present the financial position or changes in net position or fund balance of the North Dakota Office of the State Auditor, and accordingly, the State of North Dakota.
Expenditures reported in the schedule are reported on the accrual basis of accounting. When applicable, 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. No federal financial assistance has been provided to a subrecipient.
The Agency has elected to use the 10% de minimis cost rate for the period from July 1, 2024 to September 30, 2024. The Agency has elected to use the 15% de minimis cost rate for the period from October 1, 2024 to June 30, 2025.