Notes to SEFA
Title: Reconciliation to Statement of Activities in Financial Statements
Accounting Policies: Expenditures reported on the SEFA are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in 2 CFR Part 230, Costs Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Total Expenditures of Federal Awards $ 2,446,882
Total Expenditures of State Awards 1,892,732
Other Government Contracts 140,934
Total Government Contracts $ 4,480,548