Notes to SEFA
Accounting Policies: The above schedule of expenditures of federal awards includes the federal grant activity of Martha Lloyd Intermediate Care Facility for Intellectual Disabilities, Inc., and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: Martha Lloyd Intermediate Care Facility for Intellectual Disabilities, Inc. has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.