Notes to SEFA
Accounting Policies: Expenditures reported in the SEFSA are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Amounts shown as current year expenditures represent only the federal award portion of the program costs. Town of Mint Hill does not charge indirect costs against grants and awards.