Notes to SEFA
Title: NOTE 3
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: SBWA has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. No indirect rate applied.
LOAN AND GRANT EXPENDITURES
Title: NOTE 4
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: SBWA has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. No indirect rate applied.
OUTSTANDIGN PROGRAM LOANS
Title: NOTE 1
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: SBWA has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. No indirect rate applied.
BASIS OF PRESENTATION
Title: NOTE 2
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: SBWA has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. No indirect rate applied.
COST RATES