Notes to SEFA
Accounting Policies: Expenditures reported on the accompanying schedules of expenditures of federal awards and state
financial assistance are reported on the accrual basis of accounting. The Council on Aging of West
Florida, Inc., did not elect to utilize the ten percent de minimis indirect cost rate allowed under the
Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Council on Aging of West
Florida, Inc., did not elect to utilize the ten percent de minimis indirect cost rate allowed under the
Uniform Guidance.