Notes to SEFA
Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported in the schedule are reported on the accrual basis of accounting. No federal financial assistance has been provided to a subrecipient.
De Minimis Rate Used: N
Rate Explanation: The Organization does not draw for indirect administrative expenses.
Expenditures reported in the schedule are reported on the accrual basis of accounting. No federal financial
assistance has been provided to a subrecipient.
Title: Indirect Cost Rate
Accounting Policies: Expenditures reported in the schedule are reported on the accrual basis of accounting. No federal financial assistance has been provided to a subrecipient.
De Minimis Rate Used: N
Rate Explanation: The Organization does not draw for indirect administrative expenses.
The Organization has not elected to use the ten percent de minimis cost rate. The Organization does not draw for
indirect administrative expenses and has not elected to use the ten percent de minimus cost rate.