Notes to SEFA
Accounting Policies: Expenditures are reported on the basis of cash receipts and disbursements, which is a basis of accounting other than accounting principles generally accepted in the United States. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Auditee did not elect to use the de minimus cost rate.