Notes to SEFA
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The Ashville Senior Housing Association, Inc. has elected not to use the 15 percent de minimis indirect cost rate allowed under the Uniform Guidance.