Notes to SEFA
Title: Expenditures to Subrecipients
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 and/or OMB Circular A-87,
Cost Principles for State, Local and Indian Tribal Governments, wherein
certain types of expenditures are not allowable or are limited as to
reimbursement.
De Minimis Rate Used: N
Rate Explanation: Two Rivers-Ottauquechee Regional Commission has not elected to use
the 10 percent de minimis indirect cost rate as allowed under the Uniform
Guidance.
See the Notes to the SEFA for chart/table