Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards 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. Expenditures are recognized following the cost principles contained in 2 CFR Part 200, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The auditee did not use the 10% de minimis indirect cost rate and instead applied a 15% rate as permitted by the grant agreement.