Notes to SEFA
Accounting Policies: Expenditures reported in the SEFA are presented on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Organization was approved to use an 8% provisional indirect cost rate by the U.S. Department of Education.