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. Pass-through entity identifying numbers are presented where
available.
De Minimis Rate Used: N
Rate Explanation: Hydrologic Research Center has elected not to use the 10-percent de minimis cost rate as allowed under Uniform Guidance.