Notes to SEFA
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized
following the applicable cost principles contained in Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of
expenditures are not allowable or limited as to reimbursement. The Southeast Region Career & Technology Center has not elected
to use the 10-perecnt de minimis cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: NA