Notes to SEFA
Accounting Policies: Note 1 The accompanying Schedule of Expenditures of Federal Awards includes the Federal grantactivity of the Organization, and is presented on the accrual basis of accounting. Theinformation in this schedule is presented in accordance with requirements of Title 2 U.S. Codeof Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles andAudit Requirements for Federal Awards ("Uniform Guidance"). Therefore, some amountspresented in this schedule may differ from amounts presented in, or used in, the basic financialstatements.Note 2 Management has reported that expenditures in the Schedule of Expenditures of Federal Awardsare equal to or derived from amounts reported in the annual or final cost reports. Unalloweddifferences, if any, have been disclosed to the auditor.Note 3 The financial reports including claims for advances and reimbursements and amounts claimedor used for matching, are timely, complete, accurate and contain information that is supportedby the books and records from which the basic financial statements have been prepared.Note 4 A reconciliation of expenditures on the Schedule of Expenditures of Federal Awards withFederal and State grants reported on the financial statements are as follows:Federal expenditures per Schedule of Expenditures of Federal Awards $ 888,636State grants 365,112Federal and State grants per financial statements $ 1,253,748Note 5 The Organization did not use the 10% de-minimus cost rate under the UniformAdministrative Requirements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.