Notes to SEFA
Accounting Policies: The SEFA is presented using the accrual basis of accounting. Expenditures reported in the SEFA are recognized following the cost principals contained in the Uniform Guidance where certain types of expenditures are not allowed or are limited as to reimbursement. All financial awards received directly from federal agencies as well as financial awards passed through other governmental or nonprofit agencies are included on the SEFA. These amounts may differ from certain financial reports submitted to federal or state due to those reports being submitted on either a cash or modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.