Notes to SEFA
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures arerecognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowable or are limited as to reimbursement.Basic Financial Statements:The accounting policies of CAFCA conform to accounting principles generally accepted in the United States ofAmerica as applicable to nonprofit organizations.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.