Notes to SEFA
Accounting Policies: Basis of Presentation Expenditures reported on the schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in Uniform Administrative Requirements (CFR) Part 200,Cost Principles for Non-Profit Organizations, and the New Jersey OMB Circular 15-08, wherein certain types of expenditures arenot allowable or are limited as to reimbursement. Pass-through Entities: Pass- through entity identifying numbers arepresented where available. 10% De Minimis Indirect Cost Rate the Organization has elected not to use the 10% De Minimisindirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.