Notes to SEFA
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, whereas certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on teh schedule represent adjustments or credits made in the normal course of busines to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Nonmenetary assistance is reported in the schedule at the fair market value of the commodities received and disbursed.