Notes to SEFA
Accounting Policies: PRESENTED IN ACCORDANCE WITH UNIFORM GUIDANCE. SCHEDULE IS PREPARED USING THE SAME ACCOUNTING POLICIES AND BASIS OF ACCOUNTING AS THE BASIC FINANCIAL STATEMENTS. UNIFORM GUIDANCE REQUIRES THE SCHEDULE TO SHOW THE TOTAL EXPENDITURES OR EACH OF THE FEDERAL FINANCIAL ASSISTANCE PROGRAMS AS IDENTIFIED IN THE CFDA. UNIFORM GUIDANCE ESTABLISHES A RISK-BASED APPROACH TO DETERMINING WHICH FEDERAL PROGRAMS ARE MAJOR PROGRAMS. FEDERAL PROGRAMS TESTED WAS 93.600 AND 93.568. SCHEDULE DOES NOT INCLUDE MATCHING EXPENDITURES.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.