Notes to SEFA
Title: Note 1: Federal and State Awards
Accounting Policies: The Organization grant funds are accounted for on the accrual basis of accounting. Receipts are recorded when earned under the grant requirements, and expenditures are recorded as the authorized grant costs are incurred.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the percent de minimis indirect cost rate as allowed under the Uniform Guidance.
See table on page 24.
Title: Note 2: Summary of Significant Accounting Policies
Accounting Policies: The Organization grant funds are accounted for on the accrual basis of accounting. Receipts are recorded when earned under the grant requirements, and expenditures are recorded as the authorized grant costs are incurred.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the percent de minimis indirect cost rate as allowed under the Uniform Guidance.
See table on page 24.
Title: Note 3: Federal Indirect Cost Rate
Accounting Policies: The Organization grant funds are accounted for on the accrual basis of accounting. Receipts are recorded when earned under the grant requirements, and expenditures are recorded as the authorized grant costs are incurred.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the percent de minimis indirect cost rate as allowed under the Uniform Guidance.
See table on page 24.