Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of Allouez Township under programs of the federal government for the year ended March 31, 2026. The information in 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 (the Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Township, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Township.
Expenditures reported on the Schedule are reported on the modified accrual basis of accounting, which is described in Note 1 to the Township's financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance or other applicable guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available
For purposes of charging indirect costs to federal awards, the Township has not elected to use the de minimis cost rate as permitted by §200.414 of the Uniform Guidance.
The amount reported for the USDA Rural Development loan (AL 10.760) includes the outstanding balance at the beginning of the year of $188,000 plus loan proceeds received during the year of $1,077,000, because the federal government imposes continuing compliance requirements. The outstanding balance of the loan at March 31, 2026 was $1,245,000.
Allouez Township did not provide federal awards to subrecipients during the year ended March 31, 2026.