Notes to SEFA
Accounting Policies: 1. Summary of Significant Accounting Policies - Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Administrative Requirements, Cost Principles for Non-profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: AN ELECTION WAS MADE NOT TO USE THE 10% DE MINIMIS INDIRECT COST RATE