Notes to SEFA
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, except for the Equitable Sharing Programs for Justice and
Treasury which follow the Guide to Equitable Sharing for State, Local and Tribal Law Enforcement Agencies. Passthrough
entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The Village has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.