Notes to SEFA
Accounting Policies: The schedule of expenditures of federal awards has been prepared on an accrual basis. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance and alsopresented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations ("CFR")Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards for all new federal awards received on or after December 26, 2014, and for fundingincrements (additional funding on existing awards) with modified terms and conditions that areawarded on or after that date, and OMB A-133 for federal awards made prior to December 26, 2014.Because the schedule of expenditures of federal awards presents only a selected portion of theoperations of CRHDC, it is not intended to, and does not present, the consolidated financial position,consolidated changes in net assets, or consolidated cash flows of CRHDC.
De Minimis Rate Used: N
Rate Explanation: CRHDC has elected not to use a de minimis indirect cost rate as allowed under the UniformGuidance. CRHDC utilizes a federally-approved indirect cost rate approved by its cognizant agency.