Notes to SEFA
Title: Note 1 – Basis of Presentation
Accounting Policies: See Note 1. - Basis of Presentation
De Minimis Rate Used: N
Rate Explanation: MUTEH does not use a negotiated indirect cost rate and has not elected the 10% de minimis rate.
The Schedule includes the federal award activity of MUTEH under programs of the federal government for the year ended June 30, 2023. It is presented in accordance with the requirements of the Uniform Guidance. It does not present the full financial position or results of operations of MUTEH.
Title: Note 2 – Summary of Significant Accounting Policies
Accounting Policies: See Note 1. - Basis of Presentation
De Minimis Rate Used: N
Rate Explanation: MUTEH does not use a negotiated indirect cost rate and has not elected the 10% de minimis rate.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
Title: Note 3 – Indirect Cost Rate
Accounting Policies: See Note 1. - Basis of Presentation
De Minimis Rate Used: N
Rate Explanation: MUTEH does not use a negotiated indirect cost rate and has not elected the 10% de minimis rate.
MUTEH does not use a negotiated indirect cost rate and has not elected the 10% de minimis rate.