Notes to SEFA
Title: Note 2 Summary of Significant Accounting Policies
Accounting Policies: Note 1 GeneralThe accompanying Schedule of Expenditures of Federal Awards (the Schedule) presents the activities ofall federal awards of the Department. The information in the Schedule is presented in accordance with therequirements 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 Schedulepresents only a selected portion of the operations of the Department, it is not intended to, and does not,present the net position, changes in net position or cash flows of the Department.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Schedule is presented using the modified accrual basis of accounting, which is described in Note 1 tothe Departments financial statements. Whereby eligible grant expenditures are recorded when incurred.Such expenditures are recognized following the cost principles in the Uniform Guidance, wherein certaintypes of expenditures are not allowable or limited as to reimbursement. The Department has elected notto use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Note 3 Non-Cash Assistance
Accounting Policies: Note 1 GeneralThe accompanying Schedule of Expenditures of Federal Awards (the Schedule) presents the activities ofall federal awards of the Department. The information in the Schedule is presented in accordance with therequirements 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 Schedulepresents only a selected portion of the operations of the Department, it is not intended to, and does not,present the net position, changes in net position or cash flows of the Department.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Department did not receive any federal non-cash assistance during the year ended June 30, 2022.