Notes to SEFA
Accounting Policies: BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES The schedule of expenditures of federal awards includes the federal grant activity of Skagit Council Housing, HUD Project No. 127-EH073 and is presented in accordance with the requirements of Title 2 Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
Skagit Council Housing has elected not to use the 10% de minimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: Skagit Council Housing has elected not to use the 10% de minimis indirect cost rate.