Notes to SEFA
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.Such expenditures are recognized following the cost principles contained in the UniformGuidance frequently asked questions (FAQs) and other guidance issued by the U.S.Department of Treasury, wherein certain types of expenditures are not allowable or arelimited as to reimbursement. Pass-through entity identifying numbers are presented whereavailable.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.