Notes to SEFA
Title: Basis of Accounting
Accounting Policies: Basis of Accounting:
Expenditures reported on the Schedule are reported on the accrual basis of accounting.
Such expenditures are recognized following the cost principles contained in the Uniform
Guidance, wherein certain types of expenditures are not allowable or are limited as to
reimbursement.
Indirect Costs
The Chamber elected to use the 10 percent de minimis indirect cost rate as allowed
under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: 0.1
Expenditures reported on the Schedule are reported on the accrual basis of accounting.
Such expenditures are recognized following the cost principles contained in the Uniform
Guidance, wherein certain types of expenditures are not allowable or are limited as to
reimbursement.
Title: Indirect Costs
Accounting Policies: Basis of Accounting:
Expenditures reported on the Schedule are reported on the accrual basis of accounting.
Such expenditures are recognized following the cost principles contained in the Uniform
Guidance, wherein certain types of expenditures are not allowable or are limited as to
reimbursement.
Indirect Costs
The Chamber elected to use the 10 percent de minimis indirect cost rate as allowed
under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: 0.1
The Chamber elected to use the 10 percent de minimis indirect cost rate as allowed
under the Uniform Guidance.