Notes to SEFA
Accounting Policies: Expenditures are reported on the Schedule on the accrual basis of accounting. Such expenditures are recognized following the cost principles obtained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Systems Unlimited, Inc. has not elected to use the 10 percent de minimus cost rate as allowed by the Uniform Guidance.