Notes to SEFA
Title: Reconciliation to the Financial Statements
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The following is a reconciliation of the expenditures reported on the schedule of expenditures of federal awards to the financial statements: Expenditures according to the schedule of expenditures of federal awards $ 2,053,074 Expenses funded by other sources $137,074 Grants and contributions revenue according to the financial statements $ 2,190,148