Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activityof the Agency and is presented on the accrual basis of accounting. The information in thisschedule is presented in accordance with the requirements of the Uniform Guidance. Therefore,some amounts presented in this schedule may differ from amounts presented in, or used in thepreparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.