Reporting Requirements for Annual Financial Reports of State Agencies and Universities

Pass-Through Activity

Notes to SEFA
Note 1 – Nonmonetary Assistance

Nonmonetary federal assistance received during the current fiscal year must be disclosed in SEFA Note 1.

The disclosure statement must include the:

• AL title and ALN
• Federally assigned or fair market value of any noncash assistance (including commodities, food stamps, federal surplus property, insurance, endowment and rent)
• Name of the federal agency that provided the assistance (if nonmonetary assistance is direct from the federal government)
• Name of the non-federal pass-through agency that provided the assistance (if nonmonetary assistance is pass-through from another agency)

Note: The amount of nonmonetary assistance reported in SEFA Note 1 must match the ALN total of nonmonetary identified in the Record List section in the SEFA web application.

Reminder: In SEFA Note 2 – Reconciliation, nonmonetary items are reconciling items. SEFA Note 2 automatically updates the Reconciliation Items section for nonmonetary items, according to the ALN total of nonmonetary items identified in the Record List section.

For more information regarding nonmonetary awards, see Special Conditions: Nonmonetary Assistance.

Sample Disclosure Statement for SEFA Note 1 – Nonmonetary Assistance

Sample Agency is the recipient of federal financial assistance programs that do not result in cash receipts or disbursements and therefore are not recorded in Sample Agency’s fund financial statements. Awards received by Sample Agency (which includes cash and noncash amounts) are included in the following disclosure schedule: