Notes to SEFA
Accounting Policies: Note B. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Expenditures reported on this Schedule are reported on the accrual basis of accounting. 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: Note C. INDIRECT COST RATE
The Organization has elected not to use the de minimis cost rate as allowed under the Uniform Guidance.