Notes to SEFA
Accounting Policies: Expenditures reported on the Schedule are determined using the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Both
Rate Explanation: Goodwill Industries of Greater Detroit and Subsidiaries uses the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance for certain grants. In addition, indirect costs allocated to other federal awards are based on negotiated rates.