Notes to SEFA
Accounting Policies: The Organization prepares its financial statements using the accrual basis of accounting and accounting principles generally accepted in the United States of America. The financial statements present net assets and changes in net assets in two classes that are based upon the existence or absence of restrictions on the use that are placed by the donors. Net Assets without Donor Restrictions and Net Assets With Donor Restrictions.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.