Notes to SEFA
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained In the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited to as reimbursements.
De Minimis Rate Used: N
Rate Explanation: The Fund has elected to not use their de minimus 10% cost rate allowed under the Uniform Guidance. The Fund applies indirect cost in accordance with its cost agreements.