Notes to SEFA
Accounting Policies: 1. Basis of PresentationThe accompanying schedule of expenditures of federal and District of Columbia awards(SEFA) includes the federal award activity of DCFNE under the programs of the federalgovernment for the year ended September 30, 2022. The information in the SEFA ispresented in accordance with the requirements of Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards (Uniform Guidance). Because the SEFA presents onlya selected portion of the operations of DCFNE, it is not intended to, and does not, presentthe financial position, changes in net assets, or cash flows of DCFNE.2. Summary of Significant Accounting PoliciesExpenditures reported in the SEFA are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the UniformGuidance, wherein certain types of expenditures are not allowable or are limited as toreimbursement.3. Indirect Cost RatesDCFNE has elected to use the 10% de minimis indirect cost rate, which is allowed inaccordance with the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.