schedule of federal awards template

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the adopted budget should be of sufficient detail to be meaningful and meet the intention of the law. an government-wide budget that includes all resources the government expects and everything it intends to spend or encumber during a fiscal period. they are especially appropriate for the day-to-day operations of a public utility where it is essential to plan fluctuations in the demand for services and where revenues will automatically increase with demand, so that a balanced budget does not depend on establishing a ceiling for expenses. basis of accounting refers to when revenues and expenditures are recognized and reported in the financial statements. presented below is a system to classify all funds used by local government and the assignment of code numbers to identify each type of fund. code 100 special revenue funds – should be used to account for and report the proceeds of specific revenue sources that are restricted or committed to expenditure for specific purposes other than debt service or capital projects. if the resources are initially received in another fund, such as the general fund, and subsequently remitted to a special revenue fund, they should not be recognized as revenue in the fund initially receiving them. code 700 permanent funds – should be used to account for and report resources that are restricted to the extent that only earnings, and not principal, may be used for purposes that support the reporting government’s programs – that is for the benefit of the government or its citizens (public-purpose). code 600-609 investment trust funds – should be used to report fiduciary activities from the external portion of investment pools and individual investment accounts that are held in a trust or equivalent that meets the criteria above. only the minimum number of funds consistent with legal and operating requirements should be established.

4.8.5.20 the purpose of this schedule is to summarize federal grant expenditures as a basis for planning and conducting the single audit. the notes to the schedule of expenditures of federal awards should disclose the nature of the amounts reported. the equitable sharing funds are for payments to state and local law enforcement agencies that directly participate in an investigation or prosecution resulting in a federal forfeiture. typically, an interest subsidy means the federal government is paying or waiving a portion of the interest cost that would ordinarily have to be paid by the borrower. although the repayment of principal is not considered revenue from the gaap accounting perspective, it has to be considered as such for the purpose of sefa. as a result, the grantor expects the award to be included in the county’s schedule of expenditures of federal awards (schedule 16) and thus subject to audit at the county. this is a five digit (xx.xxx) identification number assigned by the federal government and published in the catalog of federal domestic assistance. if the government made a subaward to another entity, these amounts should also be reported as expenditures. this is in addition to including the total federal awards expended for loan or loan guarantee programs reported in the schedule. the amount of loan funds disbursed to program participants for the year was $_____ and is presented in this schedule. the amount reported on the schedule is the value of the property on the date it was received by the (city/county/district) and priced by the state of washington.

example: a calendar year grantee orders supplies and receives the invoice in december 2018. the grantee has an open report that relate to the auditor’s procedures and reporting on the schedule of expenditures of. federal awards (sefa). the auditee (non-federal entity) is also responsible for submitting the audit reporting package and , schedule of federal awards template simple, schedule of federal awards template simple, schedule of federal awards template word, schedule of federal awards template microsoft, schedule of federal awards template download.

the example below shows the expenditures report. page 11. chapter f – schedule of expenditures of federal awards. f if the district receives federal funds as a pass-through award, identify the pass- through agency (for example, ospi, dshs, what you should know about preparing your schedule of expenditures of federal awards (sefa)? contain any special provisions (for example, some awards require they be treated , schedule of federal awards template powerpoint, schedule of federal awards template spreadsheet, schedule of federal awards template spreadsheet, schedule of federal awards template doc, schedule of federal awards template sheet

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