Notes to SEFA
Accounting Policies: THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL, STATE, AND CITY AWARDS IS BEING PRESENTED USING THE ACCRUAL BASIS OF ACCOUNTING. THE AMOUNTS REPORTED IN THIS SCHEDULE AS EXPENDITURES MAY DIFFER FROM CERTAIN FINANCIAL REPORTS SUBMITTED TO FEDERAL, STATE, OR CITY FUNDING AGENCIES DUE TO THOSE REPORTS BEING SUBMITTED ON EITHER A CASH OR MODIFIED ACCRUAL BASIS OF ACCOUNTING.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.