Notes to SEFA
Title: Note 3. Donated Personal Protective Equipment (PPE) (Unaudited)
Accounting Policies: ?The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of the Town of Sutton, Massachusetts (the Town) under programs of the federal government for the year ended June 30, 2022. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) 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 Town, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Town.?Expenditures reported on the Schedule are reported on the modified 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 to reimbursement.?The amounts reported for the National School Lunch Program NonCash Assistance represent the fair value of commodities received.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
During fiscal year 2022, the Town did not receive donated PPE from federal sources