Notes to SEFA
Title: Method of Valuation for Commodities
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented in accordance with therequirements of 2 CFR Part 200 Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards (Uniform Guidance), using the modified accrual basis ofaccounting. Therefore, some amounts presented in this schedule may differ from amountspresented in the financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Commodities were valued at fair market value at the time of receipt.
Title: Subrecipients
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented in accordance with therequirements of 2 CFR Part 200 Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards (Uniform Guidance), using the modified accrual basis ofaccounting. Therefore, some amounts presented in this schedule may differ from amountspresented in the financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
There were no funds passed through to subrecipients.