Notes to SEFA
Accounting Policies: Federal expenditures reported on the Schedule of Expenditures of Federal Awards are reported on the accrual basis of accounting, following cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The organization has elected to use the 10% de minimus cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.