Notes to SEFA
Title: NOTE 1. BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the modified cash basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditure are not allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Service Unit has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Service Unit under programs of the federal government for the year ended August 31, 2023. 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, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Service Unit, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Service Unit.
Title: NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Expenditures reported on the Schedule are reported on the modified cash basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditure are not allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Service Unit has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.
Expenditures reported on the Schedule are reported on the modified cash 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.
Title: NOTE 3. SUBRECIPIENTS
Accounting Policies: Expenditures reported on the Schedule are reported on the modified cash basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditure are not allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Service Unit has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.
Of the federal expenditures presented in the Schedule, the Service Unit provided no federal awards to subrecipients.
Title: NOTE 4. INDIRECT COST RATE
Accounting Policies: Expenditures reported on the Schedule are reported on the modified cash basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditure are not allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Service Unit has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.
The Service Unit has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.