Notes to SEFA
Accounting Policies: Federal program funds are considered earned to the extent of qualifying activities and expenditures made under the provisions of the award. When such funds are advanced to the Organization, they are recorded as deferred revenues until earned. Otherwise, federal program funds are received on a reimbursement basis from the federal program pass-through-entity.
De Minimis Rate Used: N
Rate Explanation: The Organization did not elect to use the 10 percent de minimis indirect cost rate allowed by Section 200.413, Indirect (F&A) Costs, of the Uniform Guidance