Notes to SEFA
Accounting Policies: NOTE A - BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards includes the federalgrant activity of the Board and is presented on the accrual basis of accounting. Theinformation in this schedule is presented in accordance with the requirements of theUniform Guidance Audits of States, Local Governments, and Non-Profit Organizations.Therefore, some amo?unts may differ from amounts presented in or used in thepreparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.