Notes to SEFA
Accounting Policies: Summary of Significant Accounting PoliciesExpenditures reported on the schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance, whereincertain types of expenditures are not allowable or are limited as to reimbursement. Negative amountsshown on the Schedule, if any, represent adjustments or credits made in the normal course of businessto amounts reported as expenditures in prior years. Basis of PresentationThe accompany Schedule of Expenditures of Federal Awards (the Schedule) includes the federalgrant activity of the Organization under programs of the federal government for the year endedSeptember 30, 2022. The information in this Schedule is presented in accordance with the requirementsof Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements,Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because theSchedule presents only a selected portion of the operations of the Organization, it is not intended toand does not present the financial position, changes in net assets, or cash flows of the Organization.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.