Notes to SEFA
Accounting Policies: The SEFA si presented on the cash basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office and Management Budget Uniform Administrative Requirements, Cost, princoples, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.