Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The federal expenditures are reported on the accrual basis of accounting. The expenditures were recognized in accordance with the cost principles contained in the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Most indirect costs were allocated based on percentage of FTE's who benefitted from cost.
Content of SEFA
Title: Summary of Significant Accounting Policies
Accounting Policies: The federal expenditures are reported on the accrual basis of accounting. The expenditures were recognized in accordance with the cost principles contained in the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Most indirect costs were allocated based on percentage of FTE's who benefitted from cost.
Basis of accounting used in preparation of SEFA