Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Assumption Parish Police Jury and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Costs Principles, and Audit Requirements for Federal Awards.
As expenditure driven grants, the expenditures equal or exceed the amount of federal grant revenue recognized. Revenues are recognized as follows: Federal assistance expended as reported on Schedule of Expenditures of Federal Awards $1,766,849 FEMA revenue accrued in prior year but not obligated in current year ($38,972) Emergency Management Performance Grant accrued in prior year but obligated in current year ($49,741) Section 8 Housing admin revenue received in current year but not expended $4,926 Section 8 Housing HAP revenue received in current year but not expended $32,461 Revenue from federal sources that do not meet criteria for reporting on SEFA $1,147,193 Federal grant revenues $2,862,716 Federal grants as reported on Statement of Revenues, Expenditures, and Changes in Fund Balances - Governmental Funds $2,687,042 Federal grants as reported on Statement of Revenues, Expenses, and Changes in Net Position - Proprietary Funds $175,674 Total $2,862,716
Assumption Parish Police Jury has not elected to use the de minimus indirect cost rate as allowed under the Uniform Guidance.
The following amounts are reported in the current year schedule and are for eligible expenditures that were incurred in prior years: FEMA $5,425 Total $5,425