Notes to SEFA
Title: Commodities
Accounting Policies: This schedule is prepared using the regulatory basis of accounting described in Note 1C.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Commodities received in the amount of $11,363 were of a nonmonetary nature and therefore the total revenue does not agree with the financial statements by this amount.
Title: Expenditures
Accounting Policies: This schedule is prepared using the regulatory basis of accounting described in Note 1C.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
* Represents federal share of expenditures only.