Notes to SEFA
Accounting Policies: 1. The accompanying schedule of Federal Awards includes the Federal Award activity of Seascape Senior Housing, Inc. under programs of the Federal Government for the year ended March 31, 2022. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Requirements for Federal Awards. 2. The accrual basis of accounting is used for Expenditures of Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.