Notes to SEFA
Title: NOTE 1
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the accrual basis of accounting.Most federal grants received by the Department are funded on a cost-reimbursement basis whereby expenditures are subject to audit by various government agencies prior to submitting reimbursement. Under such circumstances and in a manner consistent with the basis of accounting described above. This treatment results in timing differences, which are resolved over the term of the grant.The Department, for purposes of the Schedule of Expenditures of Federal Awards, includes all funds for which the Department is financially accountable. The Department receives certain federal awards in the form of pass-through awards from the State of Nebraska and other various agencies. Such amounts received as pass-through awards are specifically identified on Schedule of Expenditures of Federal Awards. The Department receives funds under various federal grant programs and such assistance is to be expended in accordance with the provisions of the various grants. Compliance with the grants is subject to audit by various government agencies which may impose sanctions in the event of noncompliance. Management believes that they have complied with all aspects of the various grant provisions and the results of adjustments, if any, relating to such audits would not have a material financial impact.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the 10% de minimis cost rate.
The Schedule of Expenditures of Federal Awards is prepared on the accrual basis of accounting.Most federal grants received by the Department are funded on a cost-reimbursement basis whereby expenditures are subject to audit by various government agencies prior to submitting reimbursement. Under such circumstances and in a manner consistent with the basis of accounting described above. This treatment results in timing differences, which are resolved over the term of the grant.The Department, for purposes of the Schedule of Expenditures of Federal Awards, includes all funds for which the Department is financially accountable. The Department receives certain federal awards in the form of pass-through awards from the State of Nebraska and other various agencies. Such amounts received as pass-through awards are specifically identified on Schedule of Expenditures of Federal Awards. The Department receives funds under various federal grant programs and such assistance is to be expended in accordance with the provisions of the various grants. Compliance with the grants is subject to audit by various government agencies which may impose sanctions in the event of noncompliance. Management believes that they have complied with all aspects of the various grant provisions and the results of adjustments, if any, relating to such audits would not have a material financial impact.
Title: NOTE 2
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the accrual basis of accounting.Most federal grants received by the Department are funded on a cost-reimbursement basis whereby expenditures are subject to audit by various government agencies prior to submitting reimbursement. Under such circumstances and in a manner consistent with the basis of accounting described above. This treatment results in timing differences, which are resolved over the term of the grant.The Department, for purposes of the Schedule of Expenditures of Federal Awards, includes all funds for which the Department is financially accountable. The Department receives certain federal awards in the form of pass-through awards from the State of Nebraska and other various agencies. Such amounts received as pass-through awards are specifically identified on Schedule of Expenditures of Federal Awards. The Department receives funds under various federal grant programs and such assistance is to be expended in accordance with the provisions of the various grants. Compliance with the grants is subject to audit by various government agencies which may impose sanctions in the event of noncompliance. Management believes that they have complied with all aspects of the various grant provisions and the results of adjustments, if any, relating to such audits would not have a material financial impact.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the 10% de minimis cost rate.
The auditee used the 10% de minimis cost rate.