Notes to SEFA
Title: Note 1
Accounting Policies: The schedule is presented on the accrual basis of accounting in accordance with generally accepted accounting principles.
De Minimis Rate Used: N
Rate Explanation: The auditee elected not to use the de minimis cost rate.
This schedule is presented on the accrual basis of accounting in accordance with generally accepted accounting principles.
Title: Note 2
Accounting Policies: The schedule is presented on the accrual basis of accounting in accordance with generally accepted accounting principles.
De Minimis Rate Used: N
Rate Explanation: The auditee elected not to use the de minimis cost rate.
The Organization has elected not to use the 10% de minimis cost rate allowed by the Uniform Guidance.