Notes to SEFA
Accounting Policies: NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESa. Basis of PresentationThe accompanying schedule of expenditures of federal awards includes the federal grantactivity of AntFarm, Inc. dba AntFarm Youth Services. The information in this schedule ispresented in accordance with the requirements of Title 2 CFR Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance) or other requirements of Federal agencies such as the Department of the Treasury.Therefore, some amounts presented in this schedule may differ from amounts presented in, orused in the preparation of the basic financial statements.b. Basis of AccountingThe expenditures for each federal financial assistance programs are presented in the scheduleon the accrual basis of accounting.NOTE 2 ASSISTANCE LISTINGS (AL)AL numbers reported in the accompanying Schedule of Expenditures of Federal Awards are basedon beta.sam.gov.NOTE 3 MAJOR AND NONMAJOR FEDERAL FINANCIAL ASSISTANCE PROGRAMSFederal financial assistance programs with identical assistance (AL) numbers are combined indetermining whether the programs are major or nonmajor. Type A federal assistance programs arethose with combined expenditures of $750,000 or more during a fiscal year. Type B federal financialassistance programs are those with combined expenditures of less than $750,000 during a fiscalyear.
De Minimis Rate Used: N
Rate Explanation: AntFarm, Inc. dba AntFarm Youth Services has not used the 10% de minimis, or any other, indirectcost rate.