Notes to SEFA
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such
expenditures are recognized following 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: For purposes of charging indirect costs to federal awards, the Plymouth Housing Commission has
elected not to use the 10 percent de minimis cost rate as permitted by 2 CFR section 200.414 of the
Uniform Guidance.