Notes to SEFA
Accounting Policies: NOTE 1 - ACCOUNTING PRINCIPLESThis Schedule of Expenditures of Federal Awards is presented on the accrual basis of accounting.NOTE 2 - CLASSIFICATION OF FEDERAL AWARDSIn accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, as described in ? 200.518 Major program determination paragraph (b)(1), or (b)(3), because total federal expenditures were less than $25,000,000, Type A programs are all programs with expenditures equal to or greater than $750,000 and Type B programs are all programs with expenditures less than $750,000. Major programs were determined using a risk-based approach.NOTE 3 CATALOG OF FEDERAL DOMESTIC ASSISTANCE (CFDA) NUMBERSProgram titles and CFDA numbers were obtained from the federal or pass-through grantor or the 2022 Catalog of Federal Domestic Assistance.NOTE 4 INDIRECT COST RATEThe School 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.