Notes to SEFA
Title: Federal non-cash
Accounting Policies: It was prepared on the accrual basis of accounting
De Minimis Rate Used: Y
Rate Explanation: The organization has elected to use 10%
There was no non-cash awards, insurance or loan guarantees in the year under audit.
Title: Sub-Recipients
Accounting Policies: It was prepared on the accrual basis of accounting
De Minimis Rate Used: Y
Rate Explanation: The organization has elected to use 10%
There were no sub-recipients for this organization
Title: Major Programs
Accounting Policies: It was prepared on the accrual basis of accounting
De Minimis Rate Used: Y
Rate Explanation: The organization has elected to use 10%
Programs tested as major programs were ALN 21.027 and 14.241
Title: De minimus
Accounting Policies: It was prepared on the accrual basis of accounting
De Minimis Rate Used: Y
Rate Explanation: The organization has elected to use 10%
Entity elected to use 10% de minimus indirect cost rate