Notes to SEFA
Accounting Policies: Expenses reported on the Schedule of Expenditures of Federal Awards are reported on the accrual basis of accounting. Such expenses are recognized following the cost principles contained in the Uniform Guidance and/or U.S. Office of Management and Budget (OMB) Circular A-87, Cost Principles for State, Local, and Indian Trial Governments, wherein certain types of expenses are not allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.