Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenses reported on the Schedule are reported on the accrual basis of accounting. Such expenses are recognized following the cost principles contained in the Uniform Guidance and/or OMB Circular A-87, Cost Principles for State, Local and Indian Tribal Governments, wherein certain types of expenses are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: MKWC applied an Indirect Cost Rate (ICR) approved by the Department of Interior to the Federal Awards listed in the Schedule. The negotiated provision ICR during the year ended December 31, 2022 was 26.28%.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the Council under programs of the federal government for the year ended December 31, 2022. 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, Costs Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the Councils operations, it is not intended to be and does not present the financial position, changes in net position, or cash flows of the Council.
Title: SUBRECIPIENTS
Accounting Policies: Expenses reported on the Schedule are reported on the accrual basis of accounting. Such expenses are recognized following the cost principles contained in the Uniform Guidance and/or OMB Circular A-87, Cost Principles for State, Local and Indian Tribal Governments, wherein certain types of expenses are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: MKWC applied an Indirect Cost Rate (ICR) approved by the Department of Interior to the Federal Awards listed in the Schedule. The negotiated provision ICR during the year ended December 31, 2022 was 26.28%.
Of the federal expenditures presented above, the Council provided federal awards to subrecipients as follows:Program Title CFDA AmountCrop Protection and Pest Management 10.329 $ 986
Title: PROGRAM COSTS/MATCHING CONTRIBUTIONS
Accounting Policies: Expenses reported on the Schedule are reported on the accrual basis of accounting. Such expenses are recognized following the cost principles contained in the Uniform Guidance and/or OMB Circular A-87, Cost Principles for State, Local and Indian Tribal Governments, wherein certain types of expenses are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: MKWC applied an Indirect Cost Rate (ICR) approved by the Department of Interior to the Federal Awards listed in the Schedule. The negotiated provision ICR during the year ended December 31, 2022 was 26.28%.
The amounts shown as current year expenses represent only the (federal/state/local) grant portion of the program costs. Entire program costs, including the Councils portion, may be more than shown.
Title: NONCASH AWARDS
Accounting Policies: Expenses reported on the Schedule are reported on the accrual basis of accounting. Such expenses are recognized following the cost principles contained in the Uniform Guidance and/or OMB Circular A-87, Cost Principles for State, Local and Indian Tribal Governments, wherein certain types of expenses are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: MKWC applied an Indirect Cost Rate (ICR) approved by the Department of Interior to the Federal Awards listed in the Schedule. The negotiated provision ICR during the year ended December 31, 2022 was 26.28%.
No noncash awards existed in the current year.