Notes to SEFA
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such as expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures ae not allowable or are limited as to the reimbursement. Negative amounts show on the Schedule of represent adjustments or credits made in the normal course of business amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.