Notes to SEFA
Title: NOTES TO SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognixed following the cost principles contained in the Uniform Guidance wherein cretain types of expenditures are not allowable or limted as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Organization does not use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Organization has one federal program.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognixed following the cost principles contained in the Uniform Guidance wherein cretain types of expenditures are not allowable or limted as to reimbursement. The Organization does not use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.