Notes to SEFA
Accounting Policies: Basis of Accounting - Basis of accounting refers to when revenues and expenditures are recognized in the accounts and reported in the financial statements. The accounting of the Association is maintained, and the accompanying financial statements have been prepared, on the accrual basis of accounting. Revenues and expenditures are recognized when eared rather than received, and expenses when they are incurred rather than when paid. Subrecipients - The Association did not provide funds to subrecipients in the current year.
De Minimis Rate Used: Both
Rate Explanation: The Department of Health and Human Services approved the following indirect cost rates for the Association for the year ended June 30, 2022: ?Prevention Technology Transfer Center (PTTC): 8% ?Drug Free Communities: 10% The Department of Transportation has approved a 10% indirect cost rate for the Association for the year ended June 30, 2022.