Notes to SEFA
Accounting Policies: NOTE A - BASIS OF PRESENTATION: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Delaware Humanities Council, Inc. and is presented on the accrual basis of accounting. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements or in reports submitted to contracting agencies. NOTE B - FEDERAL INDIRECT COST RATE: Delaware Humanities Council, Inc. has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate because no indirect costs were charged to the awards.