Notes to SEFA
Title: ALLOCATION BETWEEN STATE AND FEDERAL SOURCES
Accounting Policies: BASIS OF ACCOUNTING -THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS IS PREPARED ON THE ACCRUAL BASIS OF ACCOUNTING. EXPENDITURES ARE RECOGNIZED WHEN LIABILITIES ARE INCURRED.
De Minimis Rate Used: N
Rate Explanation: AUDITEE DID NOT USE DE MINMIS COST RATE
The Federal portion of grants is determined based on grant agreements, remittance advice, and other published information or based on direct inquiry to grantors. In instances where the federal portion is determinable by date remittance, it is assumed that expenditures were incurred at that same date.