Notes to SEFA
Accounting Policies: Basis of presentationThe information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code ofFederal Regulation (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards (Uniform Guidance).Federal financial assistancePursuant to the OMB Uniform Guidance: Cost principles, audit and administrative requirements for federalawards, federal financial assistance is defined as assistance provided by a federal agency, either directly orindirectly, in the form of grants, contracts, cooperative agreements, loans, loan guarantees, property,interest subsidies, insurance, or direct appropriations. Accordingly, non-monetary federal assistance,including federal surplus property, is included in federal financial assistance and, therefore, is reported onthe schedule, if applicable. Federal financial assistance does not include direct federal cash assistance toindividuals. Solicited contracts between the state and federal government for which the federalgovernment procures tangible goods or services are not considered to be federal financial assistance.Major programsOMB Uniform Guidance: Cost principles, audit and administrative requirements for federal awards establishcriteria to be used in defining major federal financial assistance programs. Major programs for theorganization are those programs selected for testing by the auditor using a risk-assessment model, as wellas certain minimum expenditure requirements, as outlined in OMB Uniform Guidance: Cost principles, auditand administrative requirements for federal awards. Programs with similar requirements may be groupedinto a cluster for testing purposes.Reporting entityThe reporting entity is fully described in the notes to financial statements. The schedule includes allfederal programs administered by the organization for the year ended June 30, 2022.Revenue and expenditure recognitionThe receipt and expenditure of federal awards are accounted for using the modified accrual basis ofaccounting. Revenues are recognized when measurable and available. Expenditures are recorded when aliability is incurred.Indirect CostsThe organization has elected not to use the 10 percent de minimis indirect cost rate allowed under theUniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.