Notes to SEFA
Title: NOTES TO THE SCHEDULE OF EXPENDITURES AND FEDERAL AWARDS
Accounting Policies: For purposes of the Schedule, expenditures of federal and state grant awards are recognized on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Organization did not expend any Federal or State awards during fiscal year 2021 in the form of non-cash assistance. The grants awarded to the Organization were specific fee for service and has not elected to use the 10% de minimis indirect cost rate.
BASIS OF PRESENTATION/ SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES