Notes to SEFA
Title: Basis of Presentation and Accounting
Accounting Policies: Generally accepted accounting principles.
De Minimis Rate Used: Both
Rate Explanation: PDE has an approved indirect rate of 46.43% which was used on most jobs.
The accompanying schedule of expenditures of federal awards includes expenditures related to the direct and indirect federal grants of PDE and is presented on the accrual basis of accounting. The information is presented in accordance with the requirements of the Uniform Guidance.
Title: Relationship to Basic Financial Statements
Accounting Policies: Generally accepted accounting principles.
De Minimis Rate Used: Both
Rate Explanation: PDE has an approved indirect rate of 46.43% which was used on most jobs.
Federal award expenditures are reported on the statement of activities and changes in net assets as program services. Some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the financial statements
Title: Indirect Costs
Accounting Policies: Generally accepted accounting principles.
De Minimis Rate Used: Both
Rate Explanation: PDE has an approved indirect rate of 46.43% which was used on most jobs.
The amount expended includes $357,330 claimed as an indirect cost recovery using approved indirect cost rates of 10.00% to 46.43% for the year ended December 31, 2022.
Title: Amounts Awarded to Subrecipients
Accounting Policies: Generally accepted accounting principles.
De Minimis Rate Used: Both
Rate Explanation: PDE has an approved indirect rate of 46.43% which was used on most jobs.
Amounts awarded to subrecipients through CFDA number 66.456 during the year ended December 31, 2022 was $9,000. Amounts awarded to subrecipients through CFDA number 66.460 during the year ended December 31, 2022 was $38,424. Amounts awarded to subrecipients through CFDA number 15.670 during the year ended December 31, 2022 was $20,000. Amounts awarded to subrecipients through CFDA number 11.419 during the year ended December 31, 2022 was $15,000.
Title: National Estuary Program Non-Federal Match
Accounting Policies: Generally accepted accounting principles.
De Minimis Rate Used: Both
Rate Explanation: PDE has an approved indirect rate of 46.43% which was used on most jobs.
The National Estuary Program expenditures included in the accompanying schedule of expenditures of federal awards, represent the federal participation (50% cost share) of the approved contract expenditures incurred. The non-federal match of the remaining 50% was provided by state and local agencies.