Notes to SEFA
Accounting Policies: The schedule of expenditures of federal awards presents the activity of all federal award programs administered by Massena Independent Living Center, Inc. Federal awards received direclty from federal agencies, as well as federal awards passed though from other government agencies, are included on the schedule of expenditures of federal awards. The information presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles. and Audit Requirements for Federal Awards (Uniform Guidance). The Organization has not elected to use the 10% de minimus indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The organization has not elected to use the 10% de minimus indirect cost rate as allowed under the Uniform Guidance.