Notes to SEFA
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements. Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Head Start of Rockland, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. In accordance with the Federal Requirement for the Head Start program, the Agency is in compliance with the 15% maximum administrative costs.