Notes to SEFA
Accounting Policies: Significant accounting policies used in preparing the Supplementary Schedule of Expenditures of Federal Awards are the same as those used to prepare the basic financial statements and are disclosed in Note 1 to the financial statements (pages 8 of 22 through 10 of 22). Council on Licensure, Enforcement and Regulation, Inc. elected the 10 percent de minimis indirect cost rate as allowed under Title 2 U.S. Code of Federal Regulations Part 200 (2 CFR), Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.