Notes to SEFA
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is presented on the accrual basis ofaccounting. The information in this schedule is presented in accordance with the requirements of Title2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost principles,and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presentedin this schedule may differ from amounts presented in or used in the preparation of the basic financialstatements.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.