Notes to SEFA
Title: Current Year Findings and Questioned Costs and Recommendations
Accounting Policies: Expenditures reported use the accrual basis of accounting. Such expeditures are recognized follwing the cost principles contained in the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Club has not elected to use the 10% de minimis cost rate.
no findings required to be reported were noted during the year
Title: Prior Year Findings and quesitoned Costs and recommendations
Accounting Policies: Expenditures reported use the accrual basis of accounting. Such expeditures are recognized follwing the cost principles contained in the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Club has not elected to use the 10% de minimis cost rate.
no single audit in prior year