Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) under programs of the federal government for the year ended May 31, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Additionally, at May 31, 2022, 93.498 reporting includes total expenditures and/or lost revenues from the Period 1 and Period 2 PRF report submission to the PRF reporting portal, less any amount recorded at May 31, 2021. Because the Schedule presents only a selected portion of the operations of the Center, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows for the Center.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.