Notes to SEFA
Title: Summary of Significant Accounting Policies
Accounting Policies: Accrual basis
De Minimis Rate Used: N
Rate Explanation: did not use de minimus cost rate
Expenditures reported on the schedule of expenditures of federal and state awards are reported on the accrual
Title: Summary of Significant Accounting Policies
Accounting Policies: Accrual basis
De Minimis Rate Used: N
Rate Explanation: did not use de minimus cost rate
basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform
Title: Summary of Significant Accounting Policies
Accounting Policies: Accrual basis
De Minimis Rate Used: N
Rate Explanation: did not use de minimus cost rate
Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Boys
Title: Summary of Significant Accounting Policies
Accounting Policies: Accrual basis
De Minimis Rate Used: N
Rate Explanation: did not use de minimus cost rate
and Girls Clubs of Chattanooga, Inc. has elected not to use the 10-percent de minimis indirect cost rate
Title: Summary of Significant Accounting Policies
Accounting Policies: Accrual basis
De Minimis Rate Used: N
Rate Explanation: did not use de minimus cost rate
allowed under the Uniform Guidance.