Notes to SEFA
Accounting Policies: The Schedule of Expenditures of Federal Awards is presented based on the accrual basis of accounting. Under the accrual basis of accounting, expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditires are not allowed or are limited as to reimbursements.
De Minimis Rate Used: N
Rate Explanation: Did not elect to use the 10-percent de minimis cost rate.