Notes to SEFA
Title: Significant Accounting Policies
Accounting Policies: Modified accrual basis
De Minimis Rate Used: N
Rate Explanation: The Commission has elected not to use the 10% de minimus indirect cost rate allowed under Uniform Guidance.
Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available.
Title: Indirect Cost Rate
Accounting Policies: Modified accrual basis
De Minimis Rate Used: N
Rate Explanation: The Commission has elected not to use the 10% de minimus indirect cost rate allowed under Uniform Guidance.
The Commission has elected not to use the 10% de minimus indirect cost rate allowed under Uniform Guidance.