Notes to SEFA
Title: Reporting Guidance
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basisof accounting. Such expenditures are recognized following the costprinciples contained in the Uniform Guidance and/or OMB Circular A-87,Cost Principles for State, Local and Indian Tribal Governments, whereincertain types of expenditures are not allowable or are limited as toreimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying Schedule of Expenditures of Federal Awards has beenprepared following the guidance provided by the U.S. Department of Housing andUrban Developments Real Estate Assessment Center (REAC).