Notes to SEFA
Accounting Policies: For purposes of this report, certain accounting procedures were followed which help illustrate theauthorizations and expenditures of the individual programs. The Schedule of Expenditures of FederalAwards is prepared on the accrual basis of accounting. All authorizations represent the total allotmentsor grant awards received. All expenses and capital outlays are reported as expenditures. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance, whereincertain types of expenditures are not allowable or are limited as to reimbursement.Any Federal funds expended in excess of Federal funds received are recorded as a receivable from thegrantor agency and any Federal funds received in excess of Federal funds expended are recorded as apayable to the grantor agency.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.