Notes to SEFA
Accounting Policies: Expenditures reported in the Schedule are reported on the accrual basis of accounting. Uch expenditures are recognized following the cost principles contained in Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowed. Assistance Listing numbers "(AL No." are provided when available.
De Minimis Rate Used: N
Rate Explanation: The organization elected not to use the 10% de minimis indirect cost rate.