Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Synergy under programs of the federal governmental for the year ended June 30, 2023. The information in this Schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of operations of Synergy, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Synergy.
De Minimis Rate Used: N
Rate Explanation: Synergy has elected to use a rate other than the 10% de minimis indirect cost rate allowed under the Uniform Guidance.