Notes to SEFA
Accounting Policies: THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS (THE SCHEDULE) INCUDE THE FEDERAL ACTIVITY OF MHA UNDER PROGRAMS OF THE FEDERAL GOVERNMENT. EXPENDITURES REPORTED ON THIS SCHEDULE ARE REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING. SUCH EXPENDITURES ARE RECOGNIZED FOLLOWING THE COST PRINCIPLES CONTAINED IN THE UNIFORM GUIDANCE WHEREIN CERTAIN EXPENDITURES ARE NOT ALLOWABLE OR ARE LIMITED AS TO REIMBURSEMENT
De Minimis Rate Used: N
Rate Explanation: THE MHA HAS NOT ELECTED TO USE THE 10% DE MINIMUS RATE.