Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: ACCRUAL
De Minimis Rate Used: N
Rate Explanation: THE ORGANIZATION OBTAINED A NEGOTIATYED RATE
THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS INCLUDES FEDERAL GRANT ACTIVITY OF NORTH CAROLINA AFRICAN SERVICES COALITION. THE INFORMATION PRESENTED IS IN ACCORDANCE WITH TITLE 2 US CODE OF FEDERAL REGULATIONS
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: ACCRUAL
De Minimis Rate Used: N
Rate Explanation: THE ORGANIZATION OBTAINED A NEGOTIATYED RATE
EXPENDITURES REPORTED ON THE SCHEDULE ARE REPORTED ON THE ACCRUAL BASIS
Title: INDIRECT COST RATE
Accounting Policies: ACCRUAL
De Minimis Rate Used: N
Rate Explanation: THE ORGANIZATION OBTAINED A NEGOTIATYED RATE
THE ORGANIZATION DID NOT USE THE 10 PERCENT DE MINIMIS INDIRECT COST RATE