Notes to SEFA
Accounting Policies: The schedule of expenditures of federal awards presents the activity of all federal award programs for CAIU for the year ended June 30, 2024. Because the schedule presents only a selected portion of the operations of CAIU, it is not intended to, and does not, present the financial position or changes in net position (deficit) of CAIU. The accompanying schedule of expenditures of federal awards is prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: CAIU has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.