Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federalaward activity of the Foundation for the year ended June 30, 2022. The information in this schedule ispresented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part200, Uniform Administrative Requirements, Costs Principles, and Audit Requirements for FederalAwards (Uniform Guidance). Because the schedule presents only a selected portion of the operations ofthe Foundation, it is not intended to and does not present the financial position, results of its operations,or cash flows of the Foundation.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.