Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (SEFA) is presented on the accrual basis of accounting. Federal award expenditures are recognized when allowable costs are incurred in accordance with the terms and conditions of the federal awards. The SEFA 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. The Organization elected to use the 10 percent de minimis indirect cost rate as permitted under 2 CFR 200.414(f).