Notes to SEFA
Accounting Policies: The schedule of expenditures of federal awards is presented on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance where in certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: Mosdos Satmar of Bloomingburg has elected to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.