Notes to SEFA
Title: Basis of Accounting
Accounting Policies: Accrual Basis of Accounting
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10% de minimis IDC rate.
The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Organization’s financial statements. The Organization uses the accrual basis of accounting. Expenditures represent only the federally funded portions of the program. Organization records should be consulted to determine amounts expended or matched from non-federal sources. The Organization has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Program Costs/Matching Contributions
Accounting Policies: Accrual Basis of Accounting
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10% de minimis IDC rate.
The amounts shown as current year expenses represent only the (federal/state/local) grant portion of the program costs. Entire program costs, including the Organization’s portion, may be more than shown.