Notes to SEFA
Accounting Policies: Expenditures reported on the Schedule are reported on the modified cash basis of accounting. Suchexpenditures are recognized following the cost principles contained found in Part 200 Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types ofexpenditures are not allowable or are limited as for reimbursements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.