Notes to SEFA
Title: NOTE 1 - BASIS OF ACCOUNTING
Accounting Policies: This schedule is presented on the accrual basis of accounting in accordance with generally accepted accounting principles in the United States of America.
De Minimis Rate Used: N
Rate Explanation: Indirect costs are reimbursed in accordance with the Area Plan approved by the Department of Elder Affairs.
THIS SCHEDULE IS PRESENTED ON THE ACCRUAL BASIS OF ACCOUNTING IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN THE UNITED STATES OF AMERICA.
Title: NOTE 2 - INDIRECT COST RATE
Accounting Policies: This schedule is presented on the accrual basis of accounting in accordance with generally accepted accounting principles in the United States of America.
De Minimis Rate Used: N
Rate Explanation: Indirect costs are reimbursed in accordance with the Area Plan approved by the Department of Elder Affairs.
THE AGENCY DOES NOT USE THE 10% DE MINIMIS INDIIRECT COST RATE.