Notes to SEFA
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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 Uniform Guidance, wherein certain types of expenditures are not be allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: MCCA elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not be allowable or are limited as to reimbursement.
Title: INDIRECT COST RATE
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 Uniform Guidance, wherein certain types of expenditures are not be allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: MCCA elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
MCCA elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.