Notes to SEFA
Accounting Policies: See PDF pg. 7 of Program Specific Audit Report: (2)SUMMARY OF SIGNFICIANT ACCOUNTING POLICIESExpenditures reported on the SEFA are reported using the accrual basis of accounting. The amount of expenditures reported on the SEFA for Assistance Listing Number 93.498 represents expenditures incurred during the periods of availability of January 1, 2020 through June 30, 2022 for Period 3, and January 1, 2020 through December 31, 2022 for Period 4. Such expenditures are recognized following, either the cost principles in the Office of Management and Budget and Budget Circular A-122, Cost Principles for Non-Profit Organizations, or the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.