Notes to SEFA
Accounting Policies: SEFA is prepared from analysis of the transactions posted to the Organizations general ledger.
De Minimis Rate Used: N
Rate Explanation: Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The organization has not elected to use the 10% de minimis indirect cost rate