Notes to SEFA
Title: Notes to Schedule of Expenditures of Federal Awards
Accounting Policies: Federal expenditures 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.
De Minimis Rate Used: Y
Rate Explanation: The organization has elected to use the ten percent de minimus costt rate allowed under the Uniform Guidance.
Note 1 - Basis of Presentation
Title: Notes to Schedule of Expenditures of Federal Awards
Accounting Policies: Federal expenditures 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.
De Minimis Rate Used: Y
Rate Explanation: The organization has elected to use the ten percent de minimus costt rate allowed under the Uniform Guidance.
Note 2 - Summary of Significant Accounting Policies
Title: Notes to Schedule of Expenditures of Federal Awards
Accounting Policies: Federal expenditures 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.
De Minimis Rate Used: Y
Rate Explanation: The organization has elected to use the ten percent de minimus costt rate allowed under the Uniform Guidance.
Note 3 - Indirect Cost Rate