Notes to SEFA
Title: CLUSTERS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: TThe Company did not charge any indirect costs to any of the federal grants and programs during this fiscal year. Consequently, the Company did not use the 10% de-minimis cost rate.he auditee did not use the de minimis cost rate.
The following CFDAs have been deemed a cluster of programs by the Office of Management and Budget and, therefore, are treated as one program in determining the major programs to be audited.Formula Grants for Rural Areas Cluster (Federal Transit Administration). CFDA #20.509 Formula Grants for Rural Areas