Notes to SEFA
The accompanying schedule of expenditures of federal awards presents the activities in all the federal financial assistance programs of the Agency. All financial assistance received directly from federal agencies as well as financial assistance passed through other governmental agencies or nonprofit organizations is included on the schedule.
The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting, which is the same basis of accounting used for the basic financial statements.
The Agency has not elected to use the de minimis indirect cost rate as allowed in the Uniform Guidance Section 414.