Notes to SEFA
Title: NOTE A: BASIS OF PRESENTATION
Accounting Policies: Accrual Basis
De Minimis Rate Used: N
Rate Explanation: The auditee elected not to use the de minimis cost rate.
This schedule of expenditures of federal awards is presented on the accrual basis of accounting. The information in
this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200,
Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some
amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the basic
financial statements.
Title: NOTE B: SUBRECIPIENTS
Accounting Policies: Accrual Basis
De Minimis Rate Used: N
Rate Explanation: The auditee elected not to use the de minimis cost rate.
Of the federal expenditures presented above, the Foundation provided federal awards to subrecipients as follows:
Title: NOTE C: INDIRECT COST RATE
Accounting Policies: Accrual Basis
De Minimis Rate Used: N
Rate Explanation: The auditee elected not to use the de minimis cost rate.
The Foundation has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.