Notes to SEFA
Accounting Policies: NOTE B -- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures reported on the Schedule are reported on the accrual basis of accounting, which isdescribed in Note A of the Ministry's financial statements. Such expenditures are recognized followingthe cost principles contained in the Uniform Guidance, wherein certain type of expenditures are notallowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.