Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: ACCRUAL
De Minimis Rate Used: Y
Rate Explanation: THE AUDITEE USED THE DE MINIMIS COST RATE
THE INFORMATION IN THIS SCHEDULE IS PRESENTED IN ACCORDANCE WITH THE REQUIREMENTS OF TITLE 2, US CODE OF FEDERAL REGULATIONS, PART 200, UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS (UNIFORM GUIDANCE)
Title: SUMMARY OF SIGNIFICANT POLICIES
Accounting Policies: ACCRUAL
De Minimis Rate Used: Y
Rate Explanation: THE AUDITEE USED THE DE MINIMIS COST RATE
EXEPENDITURES REPORTED IN THE SCHEDULE ARE REPORTED ON THE ACCRUAL OR MODIFIED ACCRUAL BASIS OF ACCOUNTING.
Title: INDIRECT COST RATE
Accounting Policies: ACCRUAL
De Minimis Rate Used: Y
Rate Explanation: THE AUDITEE USED THE DE MINIMIS COST RATE
INRCOG HAS ELECTED TO USE THE 10% DEMINIMUS INDIRECT COST RATE AS ALLOWED UNDER THE UNIFORM GUIDANCE
Title: SUBRECIPIENTS
Accounting Policies: ACCRUAL
De Minimis Rate Used: Y
Rate Explanation: THE AUDITEE USED THE DE MINIMIS COST RATE
NONE