Notes to SEFA
Title: NOTE B - Reconciliation of Federal Expenditures
Accounting Policies: NOTE A - BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Town of Lutcher under programs of the federal government for the year ended April 30, 2023. 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 operation of the Town of Lutcher, it is not intended and does not present financial position, changes in net position, or cash flows of Town of Lutcher.
De Minimis Rate Used: N
Rate Explanation: The Town of Lutcher has not elected to use the 10 percent de minimus indirect cost rate as allowed under the Uniform Guidance.
Federal Assistance expended as reported on Schedule of Expenditures of Federal Awards $923,323
Less: FEMA revenue not recognized due to the "availability" criteria not being met (74,436)
Less: Revenues recognized in FY 2022 but not reported on SEFA due to obligation date (127,974)
Federal Grant Revenues $720,913
Governmental funds grant revenues $333,331
Proprietary funds grant revenues 457,582
Less: State and local sources (70,000)
Federal Grant Revenues $720,913
Title: NOTE C - SUBAWARDS
Accounting Policies: NOTE A - BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Town of Lutcher under programs of the federal government for the year ended April 30, 2023. 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 operation of the Town of Lutcher, it is not intended and does not present financial position, changes in net position, or cash flows of Town of Lutcher.
De Minimis Rate Used: N
Rate Explanation: The Town of Lutcher has not elected to use the 10 percent de minimus indirect cost rate as allowed under the Uniform Guidance.
Town of Lutcher did not pass through any subawards during the year ended April 30, 2023.