Notes to SEFA
Accounting Policies: Expenditures reported on the Schedule are determined under the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and/or OMB Circular A122, Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Unquity House Corporation has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.