Notes to SEFA
Accounting Policies: Expenditures reported on the Schedule are reporting on the modified accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certaintypes of expenditures are not allowable or are limited as to reimbursement. Negative amounts (if any) shownon the schedule represent adjustments or credits made in the normal course of business to amounts reported asexpenditures in prior years. Pass-through identifying numbers are present where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.