Notes to SEFA
Accounting Policies: Summary of Significant Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: Indirect Cost Rate: Brownsville Energy Authority has elected to use the 10-percent de minimis.