Notes to SEFA
Accounting Policies: Expenditures reported in the schedule are reported on the accrual basis of accounting in accordance with generally accepted accounting principals. Such Expenditures are recognized following the cost principals contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.