Notes to SEFA
Accounting Policies: Expenditures reported in the SEFSA are reported on the modified acrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Mid-East Commission has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Gudance.