Notes to SEFA
Title: NOTE 5 DE MINIMIS INDIRECT COST RATE
Accounting Policies: The schedules are prepared and presented using the budgetary basis of accounting with the exception of programs recorded in the food service fund, which are presented using the accrual basis of accounting. The information in these schedules 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 (U.S. Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
COAC has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.