Notes to SEFA
Accounting Policies: The schedule of expenditures of federal and state awards is presented using the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ form amounts presented in or used in the preparation of the financial statements. The amounts reported in this schedule as expenditures may differ from certain reports submitted to federal and state funding agencies due to those reports being submitted on either a cash or modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.