Notes to SEFA
Accounting Policies: This schedule includes the federal awards activity of The Place and is presented on the accrual basis
of accounting. The information in this schedule is presented in accordance with the requirements of
Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost
Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this
schedule may differ from amounts presented in, or used in the preparation of, the basic financial
statements.
De Minimis Rate Used: Y
Rate Explanation: The Place has elected to use the 10% de minimus indirect cost rate to charge costs to some but not all
of their federal awards.