Notes to SEFA
Title: Subrecipients
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of federalaward programs administered by Cornell Cooperative Extension Association of JeffersonCounty, which is described in Note 1 to Cornell Cooperative Extension Association of JeffersonCounty's accompanying financial statements using the accrual basis of accounting. Federalawards that are included in the schedule may be received directly from federal agencies, as wellas federal awards that are passed through from other government agencies. The information ispresented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards (Uniform Guidance). Therefore, some amounts presented in this schedule may differfrom amounts presented in, or used in the preparation of, the financial statements.Certain of the Cornell Cooperative Extension Association of Jefferson County's federal awardprograms have been charged with indirect costs, based upon a rate established by New YorkState, and Cornell Cooperative Extension Association of Jefferson County has elected to use the10% de minimis indirect cost rate allowed under the Uniform Guidance applied to overallexpenditures.Matching costs (Cornell Cooperative Extension Association of Jefferson County's share ofcertain program costs) are not included in the reported expenditures. The basis of accountingvaries by federal program consistent with the underlying regulations pertaining to each program.The amounts reported as federal expenditures were obtained from the federal financial reportsfor the applicable program and periods. The amounts reported in these reports are prepared fromrecords maintained for each program, which are reconciled with Cornell Cooperative ExtensionAssociation of Jefferson County's financial reporting system.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
No amounts were provided to subrecipients.
Title: Other disclosures
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of federalaward programs administered by Cornell Cooperative Extension Association of JeffersonCounty, which is described in Note 1 to Cornell Cooperative Extension Association of JeffersonCounty's accompanying financial statements using the accrual basis of accounting. Federalawards that are included in the schedule may be received directly from federal agencies, as wellas federal awards that are passed through from other government agencies. The information ispresented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards (Uniform Guidance). Therefore, some amounts presented in this schedule may differfrom amounts presented in, or used in the preparation of, the financial statements.Certain of the Cornell Cooperative Extension Association of Jefferson County's federal awardprograms have been charged with indirect costs, based upon a rate established by New YorkState, and Cornell Cooperative Extension Association of Jefferson County has elected to use the10% de minimis indirect cost rate allowed under the Uniform Guidance applied to overallexpenditures.Matching costs (Cornell Cooperative Extension Association of Jefferson County's share ofcertain program costs) are not included in the reported expenditures. The basis of accountingvaries by federal program consistent with the underlying regulations pertaining to each program.The amounts reported as federal expenditures were obtained from the federal financial reportsfor the applicable program and periods. The amounts reported in these reports are prepared fromrecords maintained for each program, which are reconciled with Cornell Cooperative ExtensionAssociation of Jefferson County's financial reporting system.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
No insurance is carried specifically to cover equipment purchased with federal funds. Anyequipment purchased with federal funds has only a nominal value, and is covered by CornellCooperative Extension Association of Jefferson County's casualty insurance policies.There were no loans or loan guarantees outstanding at year-end.