Notes to SEFA
THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS WAS PREPARED IN ACCORDANCE WITH TITLE 2 U.S CODE OF FEDERAL REGULATIONS CFR PART 200, UNIFORM GUIDE.
THE SEFA WAS PREPARED ON MODIFIED ACCRUAL BASIS
THE PROGRAM OPERATES UNDER PREDETERMINED FIXED INDIRECT COSTS RATES THAT ARE EFFECTIVE OCTOBER 1, 2024 THROUGH SEPTEMBER 30, 2025. THE BASE RATE FOR INDIRECT COST RECOVERIES IS 1.70% FOR THE YEAR ENDED MAY 31, 2023.