Notes to SEFA
Accounting Policies: The financial statements of the Organization have been prepared on the accrual basis of accounting in accordance with accounting principles generally for nonprofit organizations in the United States of America. The Financial Accounting and Standards Board (FASB) is the designated organization for Establishing standards of financial accounting that govern the preparation of financial reports by non- Governmental entities, including nonprofit organizations, in the United States of America.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.