Notes to SEFA
Title: Note 3
Accounting Policies: Non-cash benefits through counseling and vouchers for formula, Accrual basis of accounting, Insurance coverage of $1M for general and professional liability.
De Minimis Rate Used: N
Rate Explanation: Indirect costs are determined by contractual arrangement with the granting organization. NSO does not use the 10% de minimus indirect cost rate.
In addition to its insurance covering property, NSO maintains insurance coverage of $1,000,000 for both general liability and professional liabilty.