Notes to SEFA
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, where certain types of expenditures are not allowable or are limited as to reimbursement
De Minimis Rate Used: N
Rate Explanation: For certain grants, the amount expended includes an indirect cost recovery using an approved indirect cost rate of 12%. KID has elected to use the de minimis indirect cost rate allowed under the Uniform Guidance during the year ended June 30, 2023 for other contracts.