Notes to SEFA
Accounting Policies: The auditee must also prepare a schedule of expenditures of Federal awards for the period covered by the auditee's financial statements which must include the total Federal awards expended as determined in accordance with § 200.502.
De Minimis Rate Used: N
Rate Explanation: Cost rate per HUD grants are used by the entity noting The 10% de minimis rate must only be used to pay for overhead costs that are not directly charged to federal awards. If all costs are charged directly to the federal award (e.g., space costs, utility, and administrative costs), then the recipient should not also charge the 10% de minimis rate