Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost principles contained in 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. The Center has contracted with the respective granting agencies for indirect cost rates. Allowable indirect costs for each award are determined by the related terms and conditions developed by the awarding agency for each program.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.