Notes to SEFA
Accounting Policies: The expenditures are recognized following the cost principles contained in the Uniform Guidance, as applicable, wherein certain types of expenditures are not allowable or are limited as to reimbursement. In addition, pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: KKV and Affiliate have not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.