Notes to SEFA
Title: Note to Schedule of Expenditures of Federal Awards
Accounting Policies: The accompanying Schedule of Federal Awards includes the Federal grant activity of Gramercy Park Cooperative of Rochester and is presented on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Gramercy Park Cooperative of Rochester has not charged indirect costs to any of the federal programs. Therefore, the election on the 10 percent de minimis indirect cost rate is not applicable as allowed under Uniform Guidance.
The accompanying Schedule of Federal Awards includes the Federal grant activity of Gramercy Park Cooperative
of Rochester and is presented on the accrual basis of accounting. Gramercy Park Cooperative of Rochester has
not charged indirect costs to any of the federal programs. Therefore, the election on the 10 percent de minimis
indirect cost rate is not applicable as allowed under Uniform Guidance.