Notes to SEFA
Accounting Policies: This Schedule of Expenditures of Federal Awards includes the federal grant activity of Ecclesia, Inc. d/b/a Ecclesia College and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirement, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the presentation of financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.