Notes to SEFA
Title: Basis of Presentation and Accounting
Accounting Policies: Basis of Presentation and Accounting
De Minimis Rate Used: N
Rate Explanation: De minimis cost rate not used
The accompanying Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of accounting. Under the modified accrual basis of accounting, expenditures are recognized when the related fund liability is incurred. Federal grant programs which are administered through State agencies (pass-through awards) have been included in this report. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards and therefore, some amounts presented in this schedule may differ from amounts presented or used in the preparation of the financial statements.