Notes to SEFA
Accounting Policies: Basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts and reported in the financial statements, regardless of the measurement focus applied. All funds are account for using the accrual basis of accounting. Expenditures of Federal Awards reported on the Schedule are recognzied when incurred.
De Minimis Rate Used: N
Rate Explanation: The Center of Independent Living, Inc. has elected not to use the 10% de minimus indreict cost rate allowed under the Uniform Guidance.