Notes to SEFA
Accounting Policies: The above Schedule of Expenditures of Federal/State Awards includes the federal/state grant activity of theCenter and is presented on the accrual basis of accounting. The information in this schedule is presented inaccordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements of Federal Awards. Therefore, someamounts presented in this schedule may differ from amounts presented in, or used in the presentation of, thebasic financial statements. The client did not utilize the 10 percent de minimis cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.