Notes to SEFA
Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported in the schedule of federal awards are reported 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: Organziation has an indirect cost rate as part of grant received and elected not to use the 10% de minimis indirect cost rate
Expenditures reported in the schedule of federal awards are reported 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.