Notes to SEFA
Accounting Policies: Note 1 - Basis of PresentationThe accompanying schedule of expenditures of federal awards and other awards (the Schedule) includes the federal grantactivity of the Commission under programs of the federal government and other awards for the year ended December 31,2022. The information in this schedule is presented in accordance with the requirements of Title 2 U.S Code of FederalRegulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of the Commission, itis not intended to and does not present the financial position or changes in net assets of the Commission.Note 2 - Summary of Significant Accounting PoliciesExpenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognizedfollowing the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable orare limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in thenormal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers arepresented where available.The Commission did not elect to use the 10 percent de minimis indirect cost rate during the year ended December 31,2022.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.