Notes to SEFA
Accounting Policies: The Southern California Library Cooperative (Cooperative) include expenditures in its Schedule of Expenditures of Federal Awards (SEFA Schedule) for federal awards received indirectly by the Cooperative from a nonfederal agency, State of California California State Library. Only the portion of program expenditures reimbursable with such federal funds is reported in the accompanying schedule. Programexpenditures in excess of the maximum federal reimbursement authorized or the portion of the program expenditures that was funded with other state, local, or other nonfederal funds are excluded from the accompanying SEFA schedule.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.