Notes to SEFA
Title: NONCASH AWARDS
Accounting Policies: EXPENDITURES REPORTED ON THE SCHEDULE ARE REPORTED USING THE MODIFIED ACCRUAL BASIS OF ACCOUNTING. SUCH EXPENDITURES ARE RECOGNIZED FOLLOWING THE COST PRINCIPLES CONTAINED IN THE UNIFORM GUIDANCE. UNDER THESE PRINCIPLES CERTAIN TYPES OF EXPENDITURES ARE NOT ALLOWED OR ARE LIMITED AS TO REIMBURSEMENT.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
DONATED COMMODITIES IN THE AMOUNT OF $24,038 ARE INCLUDED IN THE DEPARTMENT OF AGRICULTURE'S NATIONAL SCHOOL LUNCH PROGRAM CFDA # 10.555. THE AMOUNT REPRESENTS THE MARKET VALUE OF COMMODITIES RECEIVED.
Title: AWARDS PASSED THROUGH TO SUB-RECIPIENTS
Accounting Policies: EXPENDITURES REPORTED ON THE SCHEDULE ARE REPORTED USING THE MODIFIED ACCRUAL BASIS OF ACCOUNTING. SUCH EXPENDITURES ARE RECOGNIZED FOLLOWING THE COST PRINCIPLES CONTAINED IN THE UNIFORM GUIDANCE. UNDER THESE PRINCIPLES CERTAIN TYPES OF EXPENDITURES ARE NOT ALLOWED OR ARE LIMITED AS TO REIMBURSEMENT.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
THERE WERE NO AWARDS PASSED THROUGH TO SUB-RECIPIENTS BY THE TOWN OF BOLTON, CONNECTICUT FOR THE YEAR ENDED JUNE 30, 2022.