Notes to SEFA
Title: Basis of Presentation
Accounting Policies: CSU Fullerton Auxiliary Services Corporation did not elect to use the 10% de minimis cost rate as covered in the Uniform Guidance 2.CFR.200.414 Indirect Costs.
Negative amounts reflected in the schedule represent adjustments or credits resulting from the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: CSU Fullerton Auxiliary Services Corporation did not elect to use the 10% de minimis cost rate as covered in the Uniform Guidance 2.CFR.200.414 Indirect Costs.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of CSU Fullerton Auxiliary Services Corporation and is presented on the modified cash basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
Title: Summary of Significant Accounting Policies
Accounting Policies: CSU Fullerton Auxiliary Services Corporation did not elect to use the 10% de minimis cost rate as covered in the Uniform Guidance 2.CFR.200.414 Indirect Costs.
Negative amounts reflected in the schedule represent adjustments or credits resulting from the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: CSU Fullerton Auxiliary Services Corporation did not elect to use the 10% de minimis cost rate as covered in the Uniform Guidance 2.CFR.200.414 Indirect Costs.
CSU Fullerton Auxiliary Services Corporation did not elect to use the 10% de minimis cost rate as covered in the Uniform Guidance 2.CFR.200.414 Indirect Costs.
Negative amounts reflected in the schedule represent adjustments or credits resulting from the normal course of business to amounts reported as expenditures in prior years.