Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal and state grant activity of Drug Prevention Resources, Inc. and is 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and Texas Governor’s Office of Budget and Planning, Uniform Grant Management Standards, which include the State of Texas Single Audit Circular (UGMS). Because the schedules present only a selected portion of the operations of Drug Prevention Resources, Inc., they are not intended to and do not present the financial position, changes in net assets or cash flows of Drug Prevention Resources, Inc.
De Minimis Rate Used: Y
Rate Explanation: Drug Prevention Resources, Inc. has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.