Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal and state awards includes the federal and stategrant activity of Appalachian School of Law, Incorporated (the "School") and is presented using thecash basis of accounting. The information in this schedule is presented in accordance with therequirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, someamounts presented in this schedule may differ from amounts presented in, or used in the preparationof, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.