Notes to SEFA
Accounting Policies: Expenses in this schedule are presented in accordance with Generally Accepted Accounting Principles, and include amounts paid as well as accounts payable for goods or services received. Expenses in this schedule do not agree with the expenses according to the financial statements for the Covid 19 gran inasmuch as expenses in the financial statements include encumbrances in accordance with the regulatory basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.