Notes to SEFA
Accounting Policies: The schedule of expenditures of federal awards includes the federal grant activity of Recovery
Consultants of Atlanta, Inc., and is presented on the accrual basis of accounting. The information in this
schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal
Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for
Federal Awards. As a result, some amounts shown in this schedule may vary from amounts presented in
or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: Auditee has an approved IDC rate agreement