Notes to SEFA
Title: Notes to SEFA
Accounting Policies: Uniform Guidance and OMB Circular A-122, Cost Principles for Non-Profit Organization
De Minimis Rate Used: N
Rate Explanation: N/A
THE INFORMATION IN THIS SCHEDULE IS PRESENTED IN ACCORDANCE WITH THE REQUIREMENTS OF TITLE 2 U.S. CODE OF FEDERAL REGULATIONS PART 200, UNIFORM ADMINISTRATIVE REQUIREMENT, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS. EXPENDITURES REPORTED ON THE SCHEDULE ARE REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING. SUCH EXPENDITURES ARE RECOGNIZED FOLLOWING THE COST PRINCIPLES CONTAINED IN THE UNIFORM GUIDANCE AND OMB CIRCULAR A-122. COST PRINCIPLES FOR NON-PROFIT ORGANIZATIONS WHEREIN CERTAIN TYPES OF EXPENDITURES ARE NOT ALLOWABLE OR ARE LIMITED AS TO REIMBURSMENT