Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Accrual basis of accounting.
De Minimis Rate Used: Y
Rate Explanation: De Minimis rate is used for nonprofit without federally negotaited rate.
Certifying which legislature was used in presentation of the SEFA.
Title: Summary of Significant Accounting Policies
Accounting Policies: Accrual basis of accounting.
De Minimis Rate Used: Y
Rate Explanation: De Minimis rate is used for nonprofit without federally negotaited rate.
Accrual basis is used for SEFA. Brief discussion on what exactly accrual basis is for.
Title: Indirect Cost Rates
Accounting Policies: Accrual basis of accounting.
De Minimis Rate Used: Y
Rate Explanation: De Minimis rate is used for nonprofit without federally negotaited rate.
Certifying de minimis rate.