Notes to SEFA
Title: Note 3 Risked Based Audit Approach
Accounting Policies: CMU is the reporting entity for financial reporting purposes is defined in Note 1 to CMU's financial statements. The Schedule of Expenditures of federal awards includes only the expenditures of CMU. The accompanying Schedule of Expdneditures of Federal Awards is presented using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: CMU did not uses the 10% de-minimus indirect cost rate.
The 2023 threshold for determining Type-A and Type-B Programs is $750,000. The following Type-A Program was audited as major program for Federal and DHS purposes: 93.778 Medicaid Cluster; DHS Mental Health/Intellectual Disabilities Program. The amount expended under programs audited as major federal programs for the year ended June 30, 2023 totaled $1,269,284 or 99.3% of total federal awards.