Notes to SEFA
Title: Basis of Presentation
Accounting Policies: 2 CFR 200.510(b)(6)
De Minimis Rate Used: Y
Rate Explanation: N/A
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award
activity of Tubman under programs of the federal government for the year ended September 30, 2023.
The information in this schedule is presented in accordance with the requirements of Title 2 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 Tubman, it is not intended to and does not present the financial position,
changes in net position or cash flows of Tubman.
Title: Summary of Significant Accounting Policies
Accounting Policies: 2 CFR 200.510(b)(6)
De Minimis Rate Used: Y
Rate Explanation: N/A
Expenditures reported on the schedule 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 to reimbursement.
Title: Indirect Cost Rate
Accounting Policies: 2 CFR 200.510(b)(6)
De Minimis Rate Used: Y
Rate Explanation: N/A
Tubman has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Pass-Through Entity Identification Numbers
Accounting Policies: 2 CFR 200.510(b)(6)
De Minimis Rate Used: Y
Rate Explanation: N/A
Pass-through entity identification numbers are presented where available.