Notes to SEFA
Accounting Policies: The accompanying schedule of expenditure of federal awards is presented on the accrual basis of accounting, which is described in Note A of the Organizations basic financial statements. The information in this schedule is presented in accordance with the requirements Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.