Notes to SEFA
Blackfoot Telephone Cooperative, Inc. received a Middle Mile Grant Award funded through the Infrastructure Investment and Jobs Act as administered by the National Telecommunications and Information Administration, an agency of the U.S. Department of Commerce. The Middle Mile (Broadband) Grant Program provides funding for the construction, improvement, or acquisition of middle mile infrastructure. The purpose of the grant program is to extend middle mile infrastructure to reduce the cost of connecting areas that are unserved or underserved to the internet backbone, as well as to promote broadband connection resiliency through the creation of alternative network connection paths that can be designed to prevent single points of failure on a broadband network.
Basis of Presentation The accompanying schedule of expenditures of federal awards includes the federal grant activity of Blackfoot Telephone Cooperative, Inc. and is presented on the 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Award (Uniform Guidance). Because the schedule presents only a selected portion of the operations of the Company, it is not intended to and does not present the balance sheet, statement of operations or cash flows of Blackfoot Telephone Cooperative, Inc. Expenditures reported on the schedule are reported on the 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. The Company has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. Federal awards are considered expended when Blackfoot Telephone Cooperative, Inc. has incurred the related allowable cost, provided allowable service, distributed allowable goods, made allowable payments to subrecipients, or otherwise met the applicable criteria for expenditure recognition under the Uniform Guidance and the terms and conditions of the federal award. For federal awards passed through to subrecipients, expenditures are recognized when the subrecipient has used the funds for allowable purposes or when Blackfoot Telephone Cooperative, Inc. has otherwise recognized the related pass-through expenditure in accordance with its basis of accounting and the Uniform Guidance.
The Schedule of Expenditures of Federal Awards includes the total amount provided to subrecipients for each federal program on the face of the schedule, when applicable. Amounts provided to subrecipients are included in total federal expenditures reported for the related federal program and are not in addition to those expenditures.