Notes to SEFA
Title: NOTE A
Accounting Policies: This schedule has been prepared in accordance with accounting principles generally accepted
in the United States of America. Revenues are recorded when earned. Expenditures are recorded
when goods or services are received.
De Minimis Rate Used: N
Rate Explanation: NONE
This schedule has been prepared in accordance with accounting principles generally accepted
in the United States of America. Revenues are recorded when earned. Expenditures are recorded
when goods or services are received.
Title: NOTE B
Accounting Policies: This schedule has been prepared in accordance with accounting principles generally accepted
in the United States of America. Revenues are recorded when earned. Expenditures are recorded
when goods or services are received.
De Minimis Rate Used: N
Rate Explanation: NONE
Cloud County Community College has not elected to use the 10% de minimis cost rate, as it does not qualify.