Notes to SEFA
Title: NOTE 1
Accounting Policies: The schedule is prepared using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
* Represents federal share of expenditures only.
Title: NOTE 2
Accounting Policies: The schedule is prepared using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
This schedule is prepared using the accrual basis of accounting described in NOTE 1.
Title: NOTE 3
Accounting Policies: The schedule is prepared using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Organization has elected not to use the 10% de minimis indirect cost rate as allowed under Uniform Guidance.