Notes to SEFA
Title: INDIRECT COST RATE
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Community Education Association, Inc. (the School) under programs of the federal government for the year ended June 30, 2022. The information in this Schedule is presented in accordance with requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements of Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the School, it is not intended to and does not present the financial position, change in net assets, or cash flows of the School.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The School has not elected to use the 10-percent de minimis cost rate allowed under the Uniform Guidance.