Notes to SEFA
Title: Basis of Presentation and Significant Accounting Policies
Accounting Policies: The accompanying schedule of expenditures of federal awards (the ‘’Schedule’’) includes the federal grant activity of the University of Fort Lauderdale and 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 (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: Not required
Description that presentation basis was in accordance with CFR Part 200.