Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the state and federal activity of ValleyAssociation for Independent Living, Inc. and is presented on the accrual basis of accounting. The information ispresented in accordance with the requirements of OMB Uniform Guidance, Audits of States, LocalGovernments, and Non-Profit Organizations. Therefore, some amounts presented in this schedule may differfrom amounts presented in, or used in the preparation of, the basic financial statements. The information hasbeen prepared in accordance with United States generally accepted accounting principles. The purpose of theschedule is to present, in summary form, federal and state awards received by Valley Association forIndependent Living, Inc. under contracts with various granting agencies to provide services to individuals withdisabilities.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.