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This document serves as a certification form for the Schedule of Expenditures of Federal Awards (SEFA) that must be completed by the Chief Fiscal Officer of the state agency, affirming the accuracy

How to fill out fy 2012 schedule of

How to fill out FY 2012 Schedule of Expenditures of Federal Awards Certification

1. Gather all necessary financial records and documentation related to federal awards for FY 2012.
2. Ensure that you have a clear understanding of the federal awards received, including the amount and purpose of each.
3. Begin with the top section of the Schedule of Expenditures of Federal Awards (SEFA) and fill in the agency name and the federal award identification numbers.
4. List each federal program and the corresponding expenditures for each on the form, ensuring accuracy.
5. Check to ensure all numbers entered match with the supporting documentation.
6. Include any required notes or explanations to clarify any unusual expenditures or accounting treatments.
7. Review the completed SEFA for any errors or inconsistencies.
8. Sign and date the certification at the end of the form to authenticate the information provided.

Who needs FY 2012 Schedule of Expenditures of Federal Awards Certification?

1. Organizations that receive federal awards or funding, such as state agencies, local governments, non-profits, and educational institutions.
2. These entities need to complete the FY 2012 Schedule of Expenditures of Federal Awards Certification as part of their compliance with federal guidelines.
3. Auditors reviewing financial statements also require the SEFA as part of their assessment.

People Also Ask about

Which information is required to be included in the SEFA?

What is included on the SEFA and where to find it. On its face, the SEFA is simple. It requires you to outline some basic award-specific details for the year under audit: Federal grantor and pass-through grantor names (when applicable) — These should be easily identified in your grant agreements.

Who is responsible for preparing the SEFA schedule?

Preparation of the SEFA is the responsibility of the auditee, and receipt of a complete and accurate SEFA is the foundation for a smooth audit.

What should be reported on the SEFA?

[1] The SEFA reports amounts expended, not the amount received, during the fiscal year. [2] Uniform Guidance requires that the independent auditor performing a Single Audit render an in-relation-to opinion on the SEFA as part of the independent auditor's report on the government's financial statements.

What is the Sefa of federal expenditures?

The Schedule of Expenditures of Federal Awards (SEFA) is a financial statement schedule prepared by management that lists an organization's expenditures of federal assistance for the fiscal year by federal agency, grant number and amount.

Is SEFA the same as single audit?

The Schedule of Expenditure of Federal Awards (SEFA) is a report contained in the State's annual single audit report in ance with Office of Management and Budget Circular A-133 and the Uniform Guidance (2 CFR Chapter I, Chapter II, Part 200, Subpart F.)

What is a schedule of expenditures of federal awards?

The Schedule of Expenditures of Federal Awards (SEFA) is a financial statement schedule prepared by management that lists an organization's expenditures of federal assistance for the fiscal year by federal agency, grant number and amount.

What gets reported on the SEFA?

[1] The SEFA reports amounts expended, not the amount received, during the fiscal year. [2] Uniform Guidance requires that the independent auditor performing a Single Audit render an in-relation-to opinion on the SEFA as part of the independent auditor's report on the government's financial statements.

Does program income go on the SEFA?

For most programs, the receipt or use of program income is reported on the SEFA in the period the expenditure occurs in ance with the basis of accounting.

For pdfFiller’s FAQs

What is FY 2012 Schedule of Expenditures of Federal Awards Certification?

The FY 2012 Schedule of Expenditures of Federal Awards Certification is a formal document that agencies and entities use to report the expenditures of federal funds received during the fiscal year 2012. It helps ensure accountability and transparency in the use of federal funds.

Who is required to file FY 2012 Schedule of Expenditures of Federal Awards Certification?

Any organization or entity that receives federal financial assistance, including states, local governments, and non-profit organizations, is required to file the FY 2012 Schedule of Expenditures of Federal Awards Certification.

How to fill out FY 2012 Schedule of Expenditures of Federal Awards Certification?

To fill out the FY 2012 Schedule of Expenditures of Federal Awards Certification, organizations need to gather financial data on all federal awards, categorize expenditures by federal program, and complete the appropriate forms detailing the amounts received and spent.

What is the purpose of FY 2012 Schedule of Expenditures of Federal Awards Certification?

The purpose of the FY 2012 Schedule of Expenditures of Federal Awards Certification is to provide a comprehensive overview of how federal funds were utilized by organizations, ensuring compliance with federal regulations and facilitating oversight and audits.

What information must be reported on FY 2012 Schedule of Expenditures of Federal Awards Certification?

Information that must be reported includes the federal program name, the Catalog of Federal Domestic Assistance (CFDA) number, the federal award identification number, total expenditures, and any other relevant details about the use of federal funds.