Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity ofthe Organization and is presented on the accrual basis of accounting. The information in this scheduleis presented in accordance with Title 2 U.S. Code of Federal Regulations (CFR) Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance). Because the schedule presents only a selected portion of the operations of theOrganization, it is not intended to and does not present the financial position, changes in net assets,or cash flows of the Organization. Expenditures reported on the schedule are reported on the accrualbasis of accounting. Such expenditures are recognized following cost principles contained in theUniform Guidance, wherein certain types of expenditures are not allowable or are limited as toreimbursement. The Organization has elected not to use the 10 percent de minimus indirect cost rateallowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.