Notes to SEFA
The accompanying Schedule of Expenditures of Federal and City Awards presents the activities in all the Federal and City award programs of PCRC. All financial assistance received directly from federal agencies as well as financial assistance passed through other governmental agencies or non-profit organizations are include on the schedule.
The expenses in the accompanying Schedule of Expenditures of Federal and City Awards are presented using the accrual basis of accounting. The amounts reported in this schedules as expenditures may differ from certain financial reports submitted to Federal and City funding agencies due to those reports being submitted on either a cash or modified accrual basis of accounting, or due to program expenditures exceeding contract budget limitations.
Federal and City awards expenditures are reported on the statement of functional expenses as program services. In certain programs, the expenditures reported in the basic financial statements may differ from the expenditures reported in the schedule of Federal and City awards due to program expenditures exceeding grant or contract budget limitations which are not included as Federal and City awards.
PCRC has not elected to use the 10% de minimis indirect cost rate.
The awards reflected in the accompanying Schedule of Expenditures of Federal and City Awards included no subcontract expenditures.