Notes to SEFA
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures
are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of
expenditures are not allowable or are limited as to reimbursement. Negative amounts, if any, shown on
the schedule represent adjustments or credits made in the normal course of business to amounts reported
as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The Organization has not elected to use the 10 percent de minimus indirect cost rate as allowed under
Uniform Guidance. The Organization did not charge indirect costs to the grants for reimbursement.