Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: PREPARED ON THE ACCRUAL BASIS OF ACCOUNTING.
De Minimis Rate Used: Y
Rate Explanation: THE AUDITEE USED THE DE MINIMIS COST RATE.
THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS INCLUDES THE FEDERAL GRANT ACTIVITY OF THE NETWORK AND IS PRESENTED ON THE ACCRUAL BASIS OF ACCOUTNING. THE INFORMATION IN THIS SCHEDULE IS PRESENTED IN ACCORDANCE WITH THE REQUIREMENTS OF TITLE 2 U.S. CODE OF FEDERAL REGULATIONS PART 200, UNIFORM ADMINITRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS ("UNIFORM GUIDANCE").
Title: INDIRECT COST RATE
Accounting Policies: PREPARED ON THE ACCRUAL BASIS OF ACCOUNTING.
De Minimis Rate Used: Y
Rate Explanation: THE AUDITEE USED THE DE MINIMIS COST RATE.
THE NETWORK HAS ELECTED TO USE THE 10% DE MINIMIS INDIRECT COST RATE AS ALLOWED UNDER UNIFORM GUIDANCE.