Notes to SEFA
Accounting Policies: Expenditures reported on the SEF A are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the UniformGuidance, wherein certain types of expenditures are not allowable or are limited as toreimbursement.
De Minimis Rate Used: N
Rate Explanation: The Schedule includes a portion of costs associated with general activities which isallocated to federal assistance programs under negotiated formulas commonly referredto as indirect cost rates and federally approved cost allocation plans. The Organizationhas elected not to use the 10% de minimis indirect cost rate allowed under the UniformGuidance.