Notes to SEFA
Title: Note 1
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are
recognized following the cost principles contained I the Uniform Guidance, wherein certain types of expenditures
are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: Bastyr University has an indirect cost rate. The cognizant agency is the Department of Health and Human Services.
As such, the University is not eligible to use the 10% de mini mis indirect rate.
Basis of Presentation
Title: Note 2
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are
recognized following the cost principles contained I the Uniform Guidance, wherein certain types of expenditures
are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: Bastyr University has an indirect cost rate. The cognizant agency is the Department of Health and Human Services.
As such, the University is not eligible to use the 10% de mini mis indirect rate.
Summary of Significant Accounting Policies
Title: Note 3
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are
recognized following the cost principles contained I the Uniform Guidance, wherein certain types of expenditures
are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: Bastyr University has an indirect cost rate. The cognizant agency is the Department of Health and Human Services.
As such, the University is not eligible to use the 10% de mini mis indirect rate.
Indirect Cost Rate