Notes to SEFA
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Agency's consolidated financial statements. The Agency uses the accrual basis of accounting.
Expenditures represent only the federally funded portions of the program. The information in this schedule is presented in accordance with the requirements of U.S. Code of Federal Regulation Part 200,
Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in the schedule may differ from the amounts presented in, or
used in the preparation of the basic consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: The Agency did not elect to use the 10% de minimis cost rate in accordance with 2 CFR 200.510(b)(6).