Notes to SEFA
Accounting Policies: Expenditures reported in the Schedule are reported on the accrual or modified cash basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87; Cost principles for State, Local, and Indian Governments; or the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as a reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.