Notes to SEFA
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is a summary of the activity of the organization’s federal award programs presented on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Some amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The organization has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.