Notes to SEFA
Accounting Policies: 1) The Schedule was prepared on the modified accrual basis of accounting. 2) The infromation in this Schedule is presented in accordance with the requirements of Title 2, US Code of Federal Regulations Part 200, Uniform Administartive Requirements, Cost Principles and Audit Requirements for Federal Awards (Unfiromr Guidance). 3) No federal financial assistance was expended in non-cash assistance. 4) There were no subrecipeint expenditures in FY 2023.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.