Notes to SEFA
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance whereincertain types of expenditures are not allowable or are limited as to reimbursement. Negative amountsshown on the schedule represents adjustments or credits made in the normal course of business toamounts reported as expenditures in prior years. Pass-through entity identifying numbers are presentedwhere available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.