Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Community
Education Building Corp. and is presented on the accrual basis of accounting. The information in this schedule is
presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations, Part 200, Uniform
Administrative Requirements, Cost Principles, 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
consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organization has not elected to use the 10 percents de minimis indirect cost rate as allowed under the Uniform Guidance.