Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal and state awards includes the feeral grant activity of the Shool and is presented on the accrual basis of accounting. The expenditures are recoginized following the cost principles of Uniform Guidance wherein certain types of expenditures are not allowable or are limited to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The School has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.