Notes to SEFA
Accounting Policies: Expenditures for federal programs are recognized under the accrual basis of accounting and include the federal share of the Conservation Research and Development and Energy Efficiency and Renewable Energy program grants from the U.S. Department of Energy Research and Development Cluster. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 910, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Wards (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.