Notes to SEFA
Accounting Policies: NOTE A-BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards includes the federal grant activity of Lubbock Open Door and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.