Notes to SEFA
Accounting Policies: NOTE A - GENERALThe accompanying Schedule of Expenditures of Federal Awards and Other FinancialAssistance (the Schedule) presents the expenditures of all financial assistance programs ofthe Agency and identifies how much of the expenditures were attributable to Federalawards. All financial assistance received directly or indirectly from Federal, State, andlocal agencies is included in the Schedule.NOTE B - BASIS OF PRESENTATIONThe accompanying Schedule includes the federal award activity of the Agency underprograms of the federal government for the year ended October 31, 2021. Theinformation in this Schedule is presented in accordance with the requirements of the Title2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements,Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).Because the Schedule presents only a selected portion of the operations of the Agency,it is not intended to and does not present the financial position, changes in net assets orcash flows of the Agency.NOTE C - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures reported on the Schedule are reported following the cost principles containedin the Uniform Guidance, wherein certain types of expenditures are not allowable or arelimited as to reimbursement.NOTE D - IN-KIND SUPPORTA portion of the expenses for donated services and other in-kind support are excluded fromthe Agencys financial statements in accordance with FASB ASC 958-605-25-16. Donatedservices and other in-kind support are included in the accompanying Schedule inaccordance with applicable grant agreements, which are described in Note C to theAgencys financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.