Notes to SEFA
Accounting Policies: 1 The accompanying schedule of expenditures of federal awards includes the federal award activity. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. 2. The schedule is prepared on the accrual basis of accounting. 3. The entity did not elect to use the 10% de minimis cost rate. 4. The entity has no outstanding loan balances related to any CDFA.
De Minimis Rate Used: N
Rate Explanation: N/A