Notes to SEFA
Title: NOTE 3
Accounting Policies: THE ACCOMPANYING SHCEDULE OF EXPENDITURES OF FEDERAL AWARDS INCLUDES THE FEDERAL GRANT ACTIVITY OF THE COOPERATIVE UNDER PROGRAMS OF THE FEDERAL GOVERNMENT FOR THE YEAR ENDED JUNE 30, 2022. THE INFORMATION IS PRESENTED IN ACCORDANCE WITH THE REQUIREMENTS OF TITLE 2 US CODE OF FEDERAL REGULATIONS PART 200, UNIFORM ADIMISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FRO FEDERAL AWARDS.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
FEDERAL REIMBURSEMENTS ARE NOT BASED UPON SPECIFIC EXPENDITURES. THEREFORE, THE AMOUNTS REPORTED HERE REPRESENT CASH RECEIVED RATHER THAN FEDERAL EXPENDITURES.