Notes to SEFA
Accounting Policies: Expenditures reported in the Schedule of Expenditures of Federal and State Awards 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 allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Organization did not elect to use the 10% de minimis cost rate. Instead, the Organization negotiated anindirect cost rate agreement which was approved by the Organization's oversight agency, the U.S. Department ofHealth and Human Services.