Notes to SEFA
Accounting Policies: Expenditures for direct and indirect costs are recognized as incurred using the accrual method of accounting and the cost accounting principles contained in the Uniform Guidance, as applicable. Under these cost principles, certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: If necessary, the Organization will elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.