Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Organization and is presentedon the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the UniformGuidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of,the basic financial statements.Assistance Payments are reported as follows:$ 3,099,278 Not-for-Profit Projects1,194,077 For Profit Subsidiaries$ 4,293,355 Total
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.