Notes to SEFA
Title: NOTE A: BASIS OF PRESENTATION
Accounting Policies: EXPENDITURES REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING.
De Minimis Rate Used: N
Rate Explanation: CLIENT ELECT NOT TO USE 10% DE MINIMIS COST RATE
BASIS OF PRESENTATION
Title: NOTE B: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: EXPENDITURES REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING.
De Minimis Rate Used: N
Rate Explanation: CLIENT ELECT NOT TO USE 10% DE MINIMIS COST RATE
EXPENDITURES REPORTED ON THE SCHEDULE ARE REPORTED ON THE ACCRUAL BASIS.