Notes to SEFA
Title: NOTE 7 INDIRECT COST RATE
Accounting Policies: The Schedules are prepared and presented using the regulatory basis of accounting. The information in these schedules is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (U.S. Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The auditee has not elected to use the 10 percent de minimis indirect cost rate allowed under the U.S. Uniform Guidance.
The Township has not elected to use the 10 percent de minimis indirect cost rate allowed under the U.S. Uniform Guidance.