Notes to SEFA
Accounting Policies: The financial activity shown on the Schedule of Expenditures of Federal Awards reflects amountsrecorded by Shoreline during its fiscal year July 1 2021, through June 30, 2022, and accordingly doesnot include a full years financial activity for grants awarded or terminated on dates not coincidingwith Shorelines fiscal year. Shoreline reports these on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.