Notes to SEFA
Accounting Policies: The schedule of expenditures of federal awards (the schedule) includes the federal awardactivity of The Corporation for Manufacturing Excellence dba Manex (Manex) under programsof the federal government for the year ended September 30, 2022. The information in thisschedule is presented in accordance with the requirements of Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards (Uniform Guidance). Because the schedule presents only aselected portion of the operations of Manex, it is not intended to and does not present thefinancial position, changes in net assets or cash flows of Manex.Expenditures reported on the schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance,wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Manex has elected to not use the 10% de minimis indirect cost rate. Manex applies indirectcosts in accordance with specific terms of its award agreements.