Notes to SEFA
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance, whereincertain types of expenditures are not allowable or are limited as to reimbursement. Expenditures of FederalAwards for COVID-19 related costs as stipulated by grant providers, are presented separately.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.