Notes to SEFA
Title: NOTE 1 – BASIS OF PRESENTATION
Accounting Policies: Expenditures
Expenditures reported on the Schedule are reported on the accrual basis of accounting.
Pass-Through Entities
Pass-through entity identifying numbers are presented on the Schedule where available.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant
activity of Reaching Across Illinois Library System (RAILS) under programs of the federal government
for the year ended June 30, 2023. The information in this Schedule is presented in accordance with the
requirements of Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations.
Because the Schedule presents only a selected portion of the operations of RAILS, it is not intended to
and does not present the financial position, changes in net position, or cash flows of RAILS.
Title: NOTE 4 – SUBRECIPIENT RELATIONSHIPS
Accounting Policies: Expenditures
Expenditures reported on the Schedule are reported on the accrual basis of accounting.
Pass-Through Entities
Pass-through entity identifying numbers are presented on the Schedule where available.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
RAILS did not remit any funds to subrecipients.