Notes to SEFA
Title: Basis of Presentation
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 the Uniform Guidance where certain types
of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Human Development Commission and Subsidiary has elected not to
use the 10 percent de minimis indirect cost rate as allowed under the
Uniform Guidance. Human Development Commission and Subsidiary
is following an approved cost allocation plan approved by the State
and in compliance with the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Human Development Commission and Subsidiary under programs of the federal government for the year ended September 30, 2023. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Human
Development Commission and Subsidiary, it is not intended to and does not present the financial position, changes in net assets, functional expenses, or cash flows of Human Development Commission and Subsidiary.
Title: Reconciliation to the Financial Statements
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 the Uniform Guidance where certain types
of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Human Development Commission and Subsidiary has elected not to
use the 10 percent de minimis indirect cost rate as allowed under the
Uniform Guidance. Human Development Commission and Subsidiary
is following an approved cost allocation plan approved by the State
and in compliance with the Uniform Guidance.
Total federal grant revenue per Schedule A: $6,091,228;
Total commodities received: $906,358;
Commodities received in advance: ($303,005);
Federal expenditures per the Schedule: $6,694,581.
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 the Uniform Guidance where certain types
of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Human Development Commission and Subsidiary has elected not to
use the 10 percent de minimis indirect cost rate as allowed under the
Uniform Guidance. Human Development Commission and Subsidiary
is following an approved cost allocation plan approved by the State
and in compliance with the Uniform Guidance.
The amount passed through to subrecipients was $6,644.