Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards includes grant activity of CSU Fullerton Auxiliary Services Corporation and is presented on the modified cash basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulation Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.