Notes to SEFA
Title: NOTE 1: SUMMARYOF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: EXPENDITURES REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING.
De Minimis Rate Used: N
Rate Explanation: CLIENT ELECT NOT TO USE 10% DE MINIMIS COST RATE
NATURE OF THE ORGANIZATION, BASIS OF PRESENTATION, ESTIMATES
Title: NOTE 2: LIQUIDITY AND AVAILABILITY
Accounting Policies: EXPENDITURES REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING.
De Minimis Rate Used: N
Rate Explanation: CLIENT ELECT NOT TO USE 10% DE MINIMIS COST RATE
CASH AND CASH EQUIVALENTS
Title: NOTE 3: RETIREMENT PLAN
Accounting Policies: EXPENDITURES REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING.
De Minimis Rate Used: N
Rate Explanation: CLIENT ELECT NOT TO USE 10% DE MINIMIS COST RATE
DESCRIPTION OF ORGANIZATION'S RETIREMENT PLAN
Title: NOTE 4: LEASES
Accounting Policies: EXPENDITURES REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING.
De Minimis Rate Used: N
Rate Explanation: CLIENT ELECT NOT TO USE 10% DE MINIMIS COST RATE
DESCRIPTION OF LEASE DISCLOSURES
Title: NOTE 5: LINE OF CREDIT
Accounting Policies: EXPENDITURES REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING.
De Minimis Rate Used: N
Rate Explanation: CLIENT ELECT NOT TO USE 10% DE MINIMIS COST RATE
DESCRIBES UNCOLLATERALIZED BANK LINE OF CREDIT
Title: NOTE 6: BUSINESS RISKS AD CREDIT CONCENTRATIONS
Accounting Policies: EXPENDITURES REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING.
De Minimis Rate Used: N
Rate Explanation: CLIENT ELECT NOT TO USE 10% DE MINIMIS COST RATE
REVENUE CONCENTRATION DESCRIPTION
Title: NOTE 7: CONTIGENCIES
Accounting Policies: EXPENDITURES REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING.
De Minimis Rate Used: N
Rate Explanation: CLIENT ELECT NOT TO USE 10% DE MINIMIS COST RATE
DESCRIBES ORGANIZATION'S PERIODIC MONITORING