Notes to SEFA
Accounting Policies: Catalog of Federal Domestic Assistance: The Catalog of Federal Domestic Assistance is a government-wide compendium of individual federal programs. A five-digit program identification number (CFDA Number) is assigned to each program included inthe catalog.Reporting Entity: JetStream Credit Union (the "Credit Union") is a cooperative association organized in accordance with Florida Statutes 657, Part I, for the purposes of promoting thrift among, and creating a source of credit for its members. Participation in the Credit Union is limited to those individuals that qualify for membership. The field of membership is defined in the Credit Union's Charter and Bylaws.Expense Recognition: Expenditures reported on the Schedule are reported on the accrual basis of accounting.Indirect Cost Rate: The Credit Union has elected not to use the 10% de minimis indirect cost rate allowed under the UniformGuidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.