Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of
DRAZ under programs of the federal government for the year ended September 30, 2023. 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 (Uniform
Guidance). Because the Schedule presents only a selected portion of the operations of DRAZ, it is not intended to
and does not present the financial position, changes in net assets, or cash flows of DRAZ.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.
De Minimis Rate Used: N
Rate Explanation: DRAZ has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform
Guidance.