Notes to SEFA
Title: Basis of Presentation
Accounting Policies: SEFA presented using the accural basis of accounting in accordance with accounting principles generally accepted in the United States
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de mimimis cost rate
The SEFA is presented using the accrual basis of accounting and in accordance with the requirements of Uniform Guidance.
Title: Expenditures
Accounting Policies: SEFA presented using the accural basis of accounting in accordance with accounting principles generally accepted in the United States
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de mimimis cost rate
Expenditures are reconized following cost principles contained in the Uniform Guidance.