Notes to SEFA
Title: NOTE 1 - BASIS FOR PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards is prepared on the accrual basis.
De Minimis Rate Used: N
Rate Explanation: NONE
The accompanying schedule of expenditures of federal awards is prepared on the accrual basis.
Title: NOTE 2 - INDIRECT COST RATE
Accounting Policies: The accompanying schedule of expenditures of federal awards is prepared on the accrual basis.
De Minimis Rate Used: N
Rate Explanation: NONE
Institute for the Development of Educational Advancement did not elect to use the 10% de minimis cost rate.