Notes to SEFA
Accounting Policies: Note 1 -Basis of accounting and presentation- The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal award activity of WIYN Consortium, Inc. ("WIYN") under a program of the federal government for the year ended September 30, 2022, and is presented on the accrual basis of accounting. 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 Audit Requirements for Federal Awards ("Uniform Guidance"), wherein certain types of expenditures are not allowable or are limited as to reimbursement. Because the Schedule presents only a portion of the operations of WIYN, it is not intended to and does not present the financial position, change in net assets, and cash flows of WIYN.For purposes of the Schedule, federal awards include all grants, contracts, and similar agreements entered into directly between WIYN and agencies and departments of the federal government and all sub-awards made to WIYN by nonfederal organizations pursuant to federal grants, contracts and similar agreements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.