Notes to SEFA
Title: NOTE A – BASIS OF PRESENTATION
Accounting Policies: The expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement. In addition, agency or pass-through numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal grant
activity of Hawaii Public Health Institute (Institute) and is presented on the accrual basis of accounting. The
information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal
Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements
for Federal Awards (Uniform Guidance). Therefore, certain amounts presented in the Schedule may differ
from amounts presented in, or used in the preparation of, the financial statements of the Institute.
* Denotes major programs.
Title: NOTE B – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement. In addition, agency or pass-through numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The expenditures are recognized following the cost principles contained in the Uniform Guidance, as
applicable, wherein certain types of expenditures are not allowable or are limited as to reimbursement. In
addition, agency or pass-through numbers are presented where available.
Title: NOTE C – INDIRECT COST RATES
Accounting Policies: The expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement. In addition, agency or pass-through numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Institute has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform
Guidance.