Notes to SEFA
Accounting Policies: The schedule of expenditures of federal awards is presented on the accrual basis of accounting. 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). The Organization did not receive or expend any Federal awards in the form of noncash assistance,
insurance, loans, or loan guarantees.
De Minimis Rate Used: N
Rate Explanation: The Organization has not elected to use the 10% de minimis indirect cost rate provisioned by the Uniform
Guidance Section 414, for reporting costs charged to federal award programs.