Notes to SEFA
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The SEFA is prepared on the modified cash basis of accounting
De Minimis Rate Used: Y
Rate Explanation: IPA HAS ELECTED TO USE THE TEN PERCENT INDIRECT COST RATE AS ALLOWED UNDER THE UNIFORM GUIDANCE
BASIS OF ACCOUNTING
Title: ADDITIONAL INFORMATION
Accounting Policies: The SEFA is prepared on the modified cash basis of accounting
De Minimis Rate Used: Y
Rate Explanation: IPA HAS ELECTED TO USE THE TEN PERCENT INDIRECT COST RATE AS ALLOWED UNDER THE UNIFORM GUIDANCE
OTHER FEDERAL ASSISTANCE AND SUB-RECIPIENT GRANTS
Title: INDIRECT COST RATE
Accounting Policies: The SEFA is prepared on the modified cash basis of accounting
De Minimis Rate Used: Y
Rate Explanation: IPA HAS ELECTED TO USE THE TEN PERCENT INDIRECT COST RATE AS ALLOWED UNDER THE UNIFORM GUIDANCE
INDIRECT COST RATE