Notes to SEFA
Accounting Policies: Expenditures reported in the SEFSA are presented 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: N
Rate Explanation: Western Carolina Community Action, Inc. d/b/a WNCSource and Subsidiary has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The Agency was approved to use a 20.70% provisional indirect cost rate by the U.S. Department of Health and Human Services.