Notes to SEFA
Title: NOTE 1 -- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of the Refuge form DSMT, under programs of the federal government for the year ended December 31, 2021. the information is in this schecules is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Rewuariements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Expenditures reported on the Schedule are reported on the accural basis of accounting. Such expenditures are recognized following cost principles contained int eh Uniform Guidance, wherin certian types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of the Refuge form DSMT, under programs of the federal government for the year ended December 31, 2021. the information is in this schecules is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Rewuariements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Expenditures reported on the Schedule are reported on the accural basis of accounting. Such expenditures are recognized following cost principles contained int eh Uniform Guidance, wherin certian types of expenditures are not allowable or are limited as to reimbursement.
Title: NOTE 2 -- DE MINIMIS INDIRECT COST
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of the Refuge form DSMT, under programs of the federal government for the year ended December 31, 2021. the information is in this schecules is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Rewuariements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Expenditures reported on the Schedule are reported on the accural basis of accounting. Such expenditures are recognized following cost principles contained int eh Uniform Guidance, wherin certian types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate
The organization elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance