Notes to SEFA
Accounting Policies: Note 1: Basis of Presentation
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 (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and
Audit Requirements for Federal Awards (Uniform Guidance).
Note 2: Non‐Cash Assistance, Insurance, and Loans
The Organization did not receive or expend any Federal awards in the form of noncash assistance,
insurance, loans, or loan guarantees. Note 4: Subrecipients
The Organization did not provide any federally sourced funding to subrecipients.
De Minimis Rate Used: N
Rate Explanation: The Organization has not elected to use the 10% de minimis indirect cost rate provisioned by the
Uniform Guidance Section 414, for reporting costs charged to federal award programs.