Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The schedule of expenditures of federal awards is prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Has elected not to use the de minimis cost rate.
The accompanying schedule of expenditures if federal awards includes the federal grant activity of David Lawrence Mental Health Center and is presented in accordance with accounting pronciples generally accepted in the United States of America. 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").
Title: Significant Accounting Policies
Accounting Policies: The schedule of expenditures of federal awards is prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Has elected not to use the de minimis cost rate.
The schedule of expenditures of federal awards is prepared on the accrual basis of accounting.
Title: Indirect Costs
Accounting Policies: The schedule of expenditures of federal awards is prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Has elected not to use the de minimis cost rate.
The Organization records all expenditures of federal awards using the direct cost method. In this manner, the Organization has elected not to use the 10% de minimis indrect cost rate, whick is allowed in accordance with Uniform Guidance.