Notes to SEFA
Title: 1
Accounting Policies: Modified accrual, also see financial statement note 1, pages 20-23
De Minimis Rate Used: N
Rate Explanation: No indirect cost charged to grant
General – the Schedule of Federal Expenditures of Federal Awards presents the activity of all federalawards for Unified Fire Service Area. Federal awards received directly from federal agencies as well asfederal awards passed-through other governmental agencies are included on the Schedule ofExpenditures of Federal Awards.
Title: 2
Accounting Policies: Modified accrual, also see financial statement note 1, pages 20-23
De Minimis Rate Used: N
Rate Explanation: No indirect cost charged to grant
Basis of Accounting – The Schedule of Expenditures of Federal Awards is presented using the modifiedaccrual basis of accounting. The information in this schedule is presented in accordance with therequirements of Uniform Guidance. Therefore, some amounts presented in this schedule may differfrom amounts presented in, or used in the preparation of, the basic financial statements.
Title: 3
Accounting Policies: Modified accrual, also see financial statement note 1, pages 20-23
De Minimis Rate Used: N
Rate Explanation: No indirect cost charged to grant
Indirect Costs – UFSA has elected not to use the ten percent de minimus indirect cost rate allowedunder Uniform Guidance.