Notes to SEFA
Accounting Policies: Expenditures reported on the Schedule are reported using 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. Indirect cost rate is dictated by its federal and state contract terms. The 10 percent de minimis indirect cost rate, as allowed under the Uniform Guidance, is not in effect nor is it available under certain contracts.
De Minimis Rate Used: N
Rate Explanation: The 10 percent de minimis indirect cost rate, as allowed under the Uniform Guidance, is not in effect nor is it available under certain contracts.