Notes to SEFA
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: ACCRUAL BASIS OF ACCOUNTING. EXPENSES RECOGNIZED FOLLOWING THE COST BASIS PRINCIPLES CONTAINED IN UNIFORM GUIDANCE COST PRONCIPLES FOR NOT FOR PROFIT ORGANIZATIONS WHERE SOME TYPES OF EXPENDITURES ARE NOT ALLOWABEL OR ARE LIMITED AS TO REIMBURSEMENT.
De Minimis Rate Used: Y
Rate Explanation: THEY USED A 10% DE MINIMUS INDIRECT COST RATE ALLOWED UNDER UNIFORM GUIDANCE
ACCRUAL BASIS OF ACCOUNTING. EXPENSES RECOGNIZED FOLLOWING THE COST BASIS PRINCIPLES CONTAINED IN UNIFORM GUIDANCE COST PRONCIPLES FOR NOT FOR PROFIT ORGANIZATIONS WHERE SOME TYPES OF EXPENDITURES ARE NOT ALLOWABEL OR ARE LIMITED AS TO REIMBURSEMENT.
Title: DEMINIMUM COST RATE
Accounting Policies: ACCRUAL BASIS OF ACCOUNTING. EXPENSES RECOGNIZED FOLLOWING THE COST BASIS PRINCIPLES CONTAINED IN UNIFORM GUIDANCE COST PRONCIPLES FOR NOT FOR PROFIT ORGANIZATIONS WHERE SOME TYPES OF EXPENDITURES ARE NOT ALLOWABEL OR ARE LIMITED AS TO REIMBURSEMENT.
De Minimis Rate Used: Y
Rate Explanation: THEY USED A 10% DE MINIMUS INDIRECT COST RATE ALLOWED UNDER UNIFORM GUIDANCE
ELECTION OF 10% DEMINIMUS INDIRECT COSTS