Notes to SEFA
Accounting Policies: Expenditures reported on the Schedule of Federal Expenditures 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 reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Project Weber RENEW did not charge indirect costs to its federal programs for the year ended December 31, 2022, however, when indirect costs are charged, Project Weber RENEW has elected to use the 10-percent de minimis cost rate allowed under the Uniform Guidance.