Notes to SEFA
Accounting Policies: NOTE 1 GENERALThe accompanying schedule of expenditures of Federal Awards (the Schedule) presents the activity of all federal award programs of Anderson Interfaith Ministries, Inc. for the year ended June 30, 2021. Expenditures for federal financial assistance awarded directly from the federal agencies, as well as those passed through other government agencies, are included on the scheduleNOTE 2 BASIS OF ACCOUNTINGThe accompanying Schedule is presented using the accrual basis of accounting, which is described in the notes to Anderson Interfaith Ministries, Inc. financial statements.NOTE 3 INDIRECT COST RATEAnderson Interfaith Ministries, Inc. has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.