Notes to SEFA
Significant Accounting Policies Used in Preparing the Schedule. See Note A of the notes to the financial statements for the organization’s significant accounting policies. The expenditures used in preparing the schedule are reported for the Organization’s fiscal year. Expenditure reports to funding agencies are prepared on the award period basis. The expenditures reported above represent funds, which have been expended by the Organization for the purposes of the award. The expenditures reported above may not have been reimbursed by the funding agencies as of the end of the fiscal year. Some amounts recorded in the schedule may differ from the amounts used in the preparation of the basic financial statements.