Notes to SEFA
Accounting Policies: NOTE 1: BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards includes the state grant activity of and is presentedon the accrual basis of accounting. The information in this schedule is presented in accordance with therequirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, CostPrinciples, and Audit Requirements for Federal Awards (Uniform Guidance).NOTE 2: INDIRECT COST RATEAustin Voices for Education and Youth has elected not to use the 10% de minimus cost rate as allowed under theUniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.