Notes to SEFA
Title: NOTE (1) BASIS OF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of ACAM and is
presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the
requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts
presented in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the 10% de minimis indirect cost rate.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of ACAM and is
presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the
requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts
presented in, or used in the preparation of, the financial statements.
Title: NOTE (2)
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of ACAM and is
presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the
requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts
presented in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the 10% de minimis indirect cost rate.
ACAM has not elected to use the 10% de minimis indirect cost rate.