Notes to SEFA
Accounting Policies: The accompanying Consolidated Schedule of Expenditures of Federal Awards includes all federal contract activityof the Organization during the fiscal year ended July 31, 2022. This schedule is presented on the accrual basis ofaccounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S.Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedulemay differ from amounts presented in, or used in the preparation of, the financial statements. Such expendituresare recognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. The Organization has not elected to use the10% de minimis indirect cost rate as allowed under Uniform Guidance.