Notes to SEFA
Accounting Policies: The Schedule of Expenditures of Federal Awards is presented on the accrual basis of
accounting. Such expenditures are recognized following the cost principles contained in the
Uniform Guidance where in certain types of expenditures are not allowable or are limited as
to reimbursement. Therefore, some amounts presented in this schedule may differ from
amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: Village of Kaser-HCV Program has elected not to use the 10% de minimis indirect cost rate
allowed under the Uniform Guidance.