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 Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirement, Cost Principles, and Audit Requirements for the Federal Awards, wherein certain types of expenditures may or may not be allowed or may be limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Alpha Tower has elected not to use the 10 percent de-minimis indirect cost rate as allowed under the Uniform Guidance.