Notes to SEFA
Accounting Policies: 1. General: The schedule of expenditures of federal awards reflects the activity of all federal awards programs of Goodwill. 2. Basis of accounting: The schedule of expenditures of federal awards is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). 3. Indirect cost rate: Goodwill has elected not to use the 10% deminimis cost rate allowed under Uniform Guidance. 4. Subrecipients: None of the federal awards received by Goodwill were passed on to subrecipients.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.