Notes to SEFA
Title: SCOPE OF THIS SCHEDULE
Accounting Policies: The Library uses the modified accrual method of recording transactions. Revenues are recorded when measurable and available. Expenditures are recorded when incurred.
De Minimis Rate Used: N
Rate Explanation: The Library has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. For the year ended June 30, 2023, there were no indirect costs included in the schedule of expenditures of federal awards.
The schedule of expenditures of federal awards reflects federal expenditures for all individual grants which were active during the fiscal year.