Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.Such expenditures are recognized following the cost principles contained in UniformGuidance, wherein certain types of expenditures are not allowable or are limited as toreimbursement.Pass-through entity identifying numbers are presented where available.Panhandle Area Council, Inc. has elected not to use the 10 percent De Minimis indirectcost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
ECONOMIC ADJUSTMENT ASSISTANCE (11.307) - Balances outstanding at the end of the audit period were 2744791. INTERMEDIARY RELENDING PROGRAM (10.767) - Balances outstanding at the end of the audit period were 415924.
Title: Subrecipients
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.Such expenditures are recognized following the cost principles contained in UniformGuidance, wherein certain types of expenditures are not allowable or are limited as toreimbursement.Pass-through entity identifying numbers are presented where available.Panhandle Area Council, Inc. has elected not to use the 10 percent De Minimis indirectcost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Panhandle Area Council, Inc. did not pass any federal awards through to subrecipients.