Notes to SEFA
Title: Note 2: Basis of Accounting
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of all federal awards programs of the organization. All federal awards, with current year activity, received directly from federal agencies, as well as federal awards passed through other government agencies, are included in the schedule.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting. This basis of accounting is described in Note 2 to the organizations financial statements. The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Note 3: Relationship to Financial Statements
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of all federal awards programs of the organization. All federal awards, with current year activity, received directly from federal agencies, as well as federal awards passed through other government agencies, are included in the schedule.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Amounts reported in the accompanying schedule agrees, in all material respects, with the amounts reported in the financial statements.
Title: Note 4: Relationship to Federal Financial Reports
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of all federal awards programs of the organization. All federal awards, with current year activity, received directly from federal agencies, as well as federal awards passed through other government agencies, are included in the schedule.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Amounts reported in the accompanying schedule agree, in all material respects, with the amounts reported in related federal financial reports.
Title: Note 5: Major programs
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of all federal awards programs of the organization. All federal awards, with current year activity, received directly from federal agencies, as well as federal awards passed through other government agencies, are included in the schedule.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Major programs are identified in the Summary of Auditors Results section of the Schedule of Findings and Questioned Costs.