Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting inaccordance with accounting principles generally accepted in the United States of America.Such expenditures are recognized following the cost principles contained in the UniformGuidance, wherein certain types of expenditures are not allowable or are limited as toreimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (Schedule) presents the federalprogram activity of the Organization. The Schedule is presented on the accrual basis ofaccounting. The information in the Schedule is presented in accordance with the requirementsof Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements,Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Becausethe Schedule represents only a selected portion of the operations of the Organization, it is notintended to and does not present the financial position, changes in net assets, or cash flows ofthe Organization.