Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal award activity of the Trust and is
presented on the accrual basis of accounting. The information in the schedule is presented in accordance with Title 2 U.S.
Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for
Federal Awards (Uniform Guidance). Therefore, the amounts presented in this schedule may differ from the amounts
presented in the preparation of the basic financial statements.Because the schedule presents only a selected portion of the
operations of the Trust, it is not intended to, and does not, present the financial position or changes in net assets of the
Trust. None of the federal awards received have been passed through to subrecipients.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.