Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The Sch of Fed Awards is prepared using the accrual basis of accounting. The info in the schedule is presented in accordance with the requirements of Title 2 US Code of Federal Regs (CFR) Part 200, Uniform Admin Requirements, Cost Principles, and Audit Re
De Minimis Rate Used: N
Rate Explanation: The auditee uses its federally approved indirect cost rate
The Sch of Fed Awards is prepared on the accrual basis of accounting, The info in the schedule is presented in accordance with the requirements of Title 2 US Code of Fed Regulations (CFR) Part 200, Uniform Admin Requirements, Cost Principles, and Audit Requirements for Fed Awards (Uniform Guidance).
Title: Indirct Cost Rate
Accounting Policies: The Sch of Fed Awards is prepared using the accrual basis of accounting. The info in the schedule is presented in accordance with the requirements of Title 2 US Code of Federal Regs (CFR) Part 200, Uniform Admin Requirements, Cost Principles, and Audit Re
De Minimis Rate Used: N
Rate Explanation: The auditee uses its federally approved indirect cost rate
The auditee has not elected to use the 10% de minimis indirect rate as allowed under Uniform Guidance.
Title: Subrecipients
Accounting Policies: The Sch of Fed Awards is prepared using the accrual basis of accounting. The info in the schedule is presented in accordance with the requirements of Title 2 US Code of Federal Regs (CFR) Part 200, Uniform Admin Requirements, Cost Principles, and Audit Re
De Minimis Rate Used: N
Rate Explanation: The auditee uses its federally approved indirect cost rate
There were no fed awards passed through to subrecipients