Notes to SEFA
Accounting Policies: Federal expenditures were recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the Uniform Guidance).
De Minimis Rate Used: Y
Rate Explanation: Argentum has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.