Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Marion-Dillon-Florence CDC, 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, Audits of States, Local Governments, and Non-Profit Organizations. Because the schedule presents only a selected portion of the operations of Marion-Dillon-Florence CDC, Inc. it is not intended to and does not present the financial position, changes in net assets, or cash flows of Marion-Dillon-Florence CDC, Inc.
De Minimis Rate Used: N
Rate Explanation: N/A