Notes to SEFA
Accounting Policies: Expenditures reported in the SEFA are presented 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 allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: Pisgah Legal Services has elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidence, with the exception of the Coronavirus State and Local Fiscal Recovery Funds passed through the City of Asheville, which has an agreed upon 12.5-percent indirect cost rate.