Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards includes the federal award activity of Mississippi Delta Community College (MDCC) under programs of the federal government for the year ended June 30, 2025. The 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. Because the Schedule presents only a selected portion of the operations of the College, it is not intended to and does not present the financial position, changes in net position, or cash flows of the College. The Schedule is presented on the accrual basis of accounting and was prepared using the same significant accounting policies, where applicable, as those used in preparing the basic financial statements. Federal expenditures are recognized when the activity related to the federal award occurs, as determined in accordance with 2 CFR 200.502. Certain expenditures are subject to limitations or exclusions under applicable federal cost principles.
MDCC did not elect to use the de minimis indirect cost rate permitted under Uniform Guidance. The College used its federally negotiated indirect cost rate.
Mississippi Delta Community College did not provide federal awards to subrecipients during the year ended June 30, 2025.
MDCC did not receive any federal noncash assistance for the year ended June 30, 2025.