Notes to SEFA
Accounting Policies: The Schedule of Expenditures of Federal Awards is reported on the same accounting basis as the Fund Financial Statements, which is described in Note 1 of the Notes to Financial Statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, where in certain types of expenditures are not allowable or are limited as to the reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.