Notes to SEFA
Title: NOTE 3: CLAIMS
Accounting Policies: NOTE 1: GENERALThe accompanying Schedule of Expenditures of Federal Awards presents the activity of allfederal financial assistance programs of U.S. Highbush Blueberry Council (the "Council"). Allexpenditures of federal financial assistance received are included in the schedule. NOTE 2: BASIS OF ACCOUNTINGThe accompanying schedule of expenses of federal grant activity of the Council is presentedon the accrual basis of accounting. The information in this schedule is presented inaccordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200,Uniform Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: NOTE 4: INDIRECT COST REIMBURSEMENTSThe Uniform Guidance requires that all indirect costs be charged through the use of anapproved indirect cost rate. When no indirect cost rate has been approved, the UniformGuidance allows for a one-time election to use a 10% de minimis reimbursement rate. TheCouncil does not have an approved indirect cost rate and has yet to determine if it will electthe 10% de minimis reimbursement rate.
The Council has received federal grants for specific purposes that are subject to review and audit by the Federal Government. Although such audits could result in expendituredisallowances under grant terms, any required reimbursements are not expected to bematerial.