Notes to SEFA
Accounting Policies: Summary of Significant Accounting Policies - Expenditures reported on the schedule are reported on the modified
accrual basis of accounting. Expenditures are recognized following the cost principles in the Uniform Guidance
as applicable, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Negative amounts (if any) shown on the schedule represent adjustments or credits made in the normal course
of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers
are presented where available.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate