Notes to SEFA
Accounting Policies: Basis of Presentation - The accompanying Schedule of Expenditures of Federal Awards (SEFA)includes all federal grant activity of Native American Rehabilitation Association of the Northwest,Inc. (NARA). The SEFA is presented on the accrual basis of accounting in accordance withaccounting principles generally accepted in the United States of America. The information in theSEFA is presented in accordance with the requirements of Title 2 U.S. Code of Federal RegulationsPart 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements forFederal Awards (Uniform Guidance). Because the SEFA presents only a selected portion of theoperations of NARA, it is not intended to and does not present the financial position, changes in netassets, or cash flows of NARA. Therefore, some amounts presented in the SEFA may differ fromamounts presented in, or used in the preparation of, the basic financial statements.Pass-through entity identifying numbers are presented when available.Expenditures - Expenditures reported on the SEFA are recognized following the cost principlescontained in the Uniform Guidance, wherein certain types of expenditures are not allowable or arelimited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.