Notes to SEFA
Accounting Policies: The Schedule of Expenditures of Federal Awards (SEFA) includes the federal activity of the Habilitative Systems, Inc. (HSI), and is presented on the accrual basis of accounting. The information in the SEFA is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.