Notes to SEFA
Accounting Policies: Summary of Significant Accounting Policies Expenditures reported on the Schedule are reported on the modifed cash basis of accounting. The modifcation to the cash basis relates to the recording of receivables from the granting agency and payables to nonaffiliated sites and government agencies so as to fully recognize all grant-related receipts and disbursements. The expenditures reported on the schedule 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. Pass-through entity identifying numbers are presented where available. Subrecipients The Organization did not have subrecipients of Federal grant funding.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate