Notes to SEFA
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: Collaborative for Educational Services allocates its indirect costs per each agreed upon contract to a maximum of 10% for direct federal awards and 10.63% for awards passed through the State of Massachusetts.