Notes to SEFA
Accounting Policies: Expenditures and lost revenues in the Schedule are reported on the accrual basis ofaccounting. Such expenditures are recognized following the cost principles contained in theUniform Guidance, wherein certain types of expenditures are not allowable or are limited asto reimbursement.As required by HHS and outlined in the 2022 OMB Compliance Supplement, PRFdistributions are reported on the Schedule based on the PRF reporting portal submissionguidelines for when payments were received. For this audit period, the Schedule reflects thePRF funds received in Period 3 ($905,653) which were from January 1, 2021 to June 30,2021. The reporting time period for Period 3 was July 1, 2022 to September 30, 2022.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.