Notes to SEFA
Accounting Policies: NOTE 1 - BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of The HALO Trust (USA), Inc., and is presented on the accrual basis. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: NOTE 3 - INDIRECT COST RATE
The HALO Trust (USA), Inc. is not eligible to use the 10% de minimis cost rate provided for in Subpart E, Section 200.414 of the Uniform Guidance. The HALO Trust (USA), Inc. has a Negotiated Indirect Cost Rate Agreement with the Cognizant Federal Government Agency.