Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards of California Forestry Association and Affiliate (collectively the Association) is presented on the accrual 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). Therefore, some amounts presented in the schedule may differ from the amounts presented in, or used in the preparation of, the basic financials statements.
De Minimis Rate Used: N
Rate Explanation: The Association has elected to not use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.