Notes to SEFA
Accounting Policies: Expenditures on the schedule of expenditures of federal awards are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. The organization used the cost limitations on recovery of indirect costs that were specified and allowed in grant agreements. Some grant agreements did not allow the de minimis cost rate to be charged to its grant.