Notes to SEFA
The accompanying schedule of expenditures of federal awards presents the activity of all federal financial assistance programs of Butte County Fire Safe Council.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Council and is presented on accounting principles generally accepted in the United States of America. The information 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 Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of the Council, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Council
The Council has received federal grants for specific purposes that are subject to review and audit by the Federal Government. Although such audits could result in expenditure disallowance under grant terms, any required reimbursements are not expected to be material which have not already been recorded.
The Council has elected to use the 10% de minimus indirect cost rate under Uniform Guidance. Indirect costs were determined as part of the Grant's approved budget.
Expenditures reported in the schedule are reported on the accrual basis of accounting. No federal financial assistance has been provided to a subrecipient. 19