Notes to SEFA
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance. Negative amounts, if any, shown on this Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in the prior year.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.