Notes to SEFA
Title: Note 1 - Schedule of Expenditures of Federal Awards
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal award activity. The information in this schedule is presented in accordance with the requirments of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. This schedule is prepared on teh accrual basis of accounting. The entity did not elect to use the 10% de minimis cost rate. The entity has no outstanding loan balances related to any CDFA.
De Minimis Rate Used: N
Rate Explanation: Entity use actual costs.
The accompanying schedule of expenditures of federal awards includes the federal award activity. The information in this schedule is presented in accordance with the requirments of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. This schedule is prepared on teh accrual basis of accounting. The entity did not elect to use the 10% de minimis cost rate. The entity has no outstanding loan balances related to any CDFA.