Notes to SEFA
Title: Note 3 Federal Indirect Cost Rate(s)
Accounting Policies: For Federal expenditures, this schedule is prepared on the same basis of accounting as the Agencys financial statements. The Agency uses the accrual basis of accounting for Proprietary funds.
De Minimis Rate Used: N
Rate Explanation: The Agency has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Agency has used their federally approved indirect rates, all of which are lower than the current year federally approved indirect rate.The amount expended includes $57,256 claimed as an indirect cost recovery distributed as follows: See the Notes to the SEFA for table.
Title: Note 4 Program Costs
Accounting Policies: For Federal expenditures, this schedule is prepared on the same basis of accounting as the Agencys financial statements. The Agency uses the accrual basis of accounting for Proprietary funds.
De Minimis Rate Used: N
Rate Explanation: The Agency has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amounts shown as current year expenditures represent only the federal grant portion of the program costs. Entire program costs, including the Puget Sound Clean Air Agencys portion, are more than shown. Such expenditures are recognized following, as applicable, either the cost principles in the OMB Circular A-87, Cost Principles for State, Local, and Indian Tribal Governments, or the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.