Notes to SEFA
Title: Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of South Central CUD 401 (District) and is presented on the cash basis of accounting. The information in the schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee used direct costs only on all federal grant awards.
Of the federal expenditures presented in the schedule, the District provided no federal awards to subrecipients.
Title: Non-cash Assistance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of South Central CUD 401 (District) and is presented on the cash basis of accounting. The information in the schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee used direct costs only on all federal grant awards.
The following amounts were expended in the form of non-cash assistance by the District and are included in the Schedule of Expenditures of Federal Awards: Non-cash Commodities (10.555) $24,074 and Dept of Defense Fruits & Vegetables $29,243.
Title: Other Information
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of South Central CUD 401 (District) and is presented on the cash basis of accounting. The information in the schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee used direct costs only on all federal grant awards.
Insurance coverage in effect paid with federal funds during the year: Property $0, Auto $0, General Liability $0, Workers Compensation $0. Loans/loan guarantees outstanding at June 30: $0. District had federal grants requiring matching expenditures: No.