Notes to SEFA
Title: Summary of Significant Accounting Policies
Accounting Policies: The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of CCRB under programs of the federal government for the year ended December 31,2023. The information in this Schedule is presented in accordance with the requirements of 2 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 CCRB, it is not intended to and does not present the financial position, changes in net position, or cash flows of the CCRB.
De Minimis Rate Used: Y
Rate Explanation: CCRB has elected to use the 10 percent de minimis indirect cot rate allowed under the Uniform Guidance.
Expenditures reported on the Schedule are reported on the modified accrual basis of accounting as described in Note 1 of CCRB's financial statements. Such expenditures are recognized consistent with the cost principles contained in the Uniform Gidance for all awards. Under these principles, certain types of expenditures are not allowable or are limited as to reimbursement.