Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The auditee used accrual basis of accounting
De Minimis Rate Used: Y
Rate Explanation: The auditee used the 10% rate
The schedule of expenditures of federal awards is prepared in accordance with GAAP and the Uniform Guide
Title: Indirect Cost
Accounting Policies: The auditee used accrual basis of accounting
De Minimis Rate Used: Y
Rate Explanation: The auditee used the 10% rate
The auditee used the de minimis rate of 10%