Notes to SEFA
Title: FEDERAL LOAN PROGRAM
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented on the accrual basis ofaccounting. The information in this schedule is presented in accordance with the requirements ofthe Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
For the year ended June 30, 2022, The Institute for Clinical Social Work acted as a pass-through agency for Direct Federal Stafford Loans (unsubsidized and PLUS) to students and parents in the amount of $1,169,230.
Title: OTHER INFORMATION
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented on the accrual basis ofaccounting. The information in this schedule is presented in accordance with the requirements ofthe Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Institute for Clinical Social Work did not receive any federal insurance or federal noncash assistance and did not provide any amounts to sub-recipients.