Notes to SEFA
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.The assistance listing numbers included in the Schedule were determined based on the program name, review of grant contract information, and the Office of Management and Budgets Assistance Listing numbers.Pass-through entity identifying numbers are presented where available.Southeast Rural Community Assistance Project, Inc. did not elect the l0% de minimus indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.