Notes to SEFA
Accounting Policies: Note A. Basis of PresentationThe accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the Federalaward activity of the Organization under programs of the Federal Government for the year endedJune 30, 2023. The information in this schedule is presented in accordance with the requirements ofTitle 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, CostPrinciples, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operation of the Organization, it is not intended to, and does not present, the financial position, changes in net assets or cash flows of the Organization. Note B. Summary of Significant Accounting Policies Expenditures reported on the 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: The auditee did not use the de minimis cost rate.