Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Accrual basis of accounting
De Minimis Rate Used: Y
Rate Explanation: ELI has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance
Presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards
Title: Summary of Significant Accounting Policies
Accounting Policies: Accrual basis of accounting
De Minimis Rate Used: Y
Rate Explanation: ELI has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance
Expenditures reports on the Schedule are reported on the accrual basis of accounting and the organization elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance