Notes to SEFA
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The organization has elected to use the 10% de minimus indirect cost rate as covered in 2 CFR 200.414.
De Minimis Rate Used: Y
Rate Explanation: The de minimus indirect cost rate is the most efficient rate for an organization of this size and complexity.