Notes to SEFA
Accounting Policies: The above Schedule of Expenditures of Federal Awards includes the Federal grant activity of the Center and is presented on the accrual basis of accounting. The information included in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requiments of Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the presentation of, the basic financial statements. The client did not utilize the 10 percent de minimis cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.