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. The College has not elected to use the 10 percent de minimus indirect cost rate, as allowed under the Uniform Guidance. The Colleges policy is not to charge federal programs with indirect costs unless funded in the original award notification.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.