Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes all federal award programs administered by Action for a Better Community, Inc. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: Action for a Better Community, Inc. has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. The Organization negotiated its indirect cost rate.