Notes to SEFA
Accounting Policies: The expenditures reported on the accompanying schedule of federal awards have been recorded on the accrual basis of accounting whcich recognizes expenditurers when incurred, in accordance with U.S. generally accepted accounting principles. Such expenditures are recognized following the cost principles contained in the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.