Notes to SEFA
Accounting Policies: Summary oF Significant Accounting Policies - Expenditures reported in the Schedule are reported on the accrual or modified accrualbasis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in 0MB Circular A-87, CostPrinciples for State. Local and Indian Tribal Governments, or the cost principles contained in the Uniform Guidance, wherein certaintypes of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.