Notes to SEFA
Accounting Policies: Note 1 The schedule of expenditures of federal awards is prepared using the accrual basis ofaccounting. The information in this schedule is presented in accordance with therequirements of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles and Audit Requirements for FederalAwards ("Uniform Guidance"). Therefore, some amounts presented in this schedule maydiffer from amounts presented in, or used in the preparation of, the consolidated financialstatements.Note 2 Management has reported that expenditures in the schedule of expenditures of federalawards are equal to or derived from those amounts reported in the annual or final costreports. Unallowed differences, if any, have been disclosed to the auditor.Note 3 The financial reports, including claims for advances and reimbursements, and amountsclaimed or used for matching are timely, complete, accurate and contain information thatis supported by the books and records from which the financial statements have beenprepared.Note 4 The Organization used the 10% de minimis indirect cost rate allowed under the UniformGuidance.Note 5 A reconciliation of expenditures on the schedule of expenditures of federal awards withFederal sources reported on the consolidated financial statements are as follows:Federal expenditures per schedule of expenditures of federal awards $ 1,791,673State and other sources 1,484,997Grants and contracts per consolidated financial statements $ 3,276,670
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.