Notes to SEFA
Title: Federal Expenditures
Accounting Policies: This accompanying Schedule of Expenditures of Federal Awards includes the federal award activity of the Association under programs of the federal government for the year ended September 30, 2022. 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 Association, it is not intended to, and does not present the financial position, changes in net assets, or cash flows of the Association. 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The total only includes the federal expenditures of the First District Association of Local Governments, the primary government, and does not include the federal expenditures of the First District Development Company, a component unit of the First District Association of Local Governments.