Notes to SEFA
Accounting Policies: (a) Basis of Accounting - The accompanying Schedule of Expenditures of Federal Awards is presented on the accrual basis of accounting. Accordingly, grant revenues are recognized when earned and expenditures when incurred. 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.
De Minimis Rate Used: N
Rate Explanation: The MAPC has elected not to use the 10-percent de minimis indirect cost rate as allowed under Uniform Guidance.