Notes to SEFA
Accounting Policies: Describe the significant accounting policies used in preparing the SEFA (2 CFR 200.510(b)(6))?CRSOK Policy #3.17.00 REQUEST FOR PURCHASES governs initial request for purchasing from vendors. This Policy sets dollar limits and signing authority for all purchases.?CRSOK Policy #3.17.03 is specific to the purchasing of Minor Equipment and Capital Purchases.?CRSOK Policy # 3.17.04 is specific for the purchasing of Services and Repairs and Maintenance?CRSOK Policy # 3.17.05 is specific for purchasing of Supplies.These policies set forth the procedures to be followed for those who are requesting and approving all Agency purchases.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.?The auditee did not negotiate a de minims rate and used the 10% rate for allowable direct costs.?Indirect costs that the rate applied to were Allowable Facility Costs (depreciation) and Administrative Costs (salaries). ?Request for payment was not requested until after the costs were incurred.