Notes to SEFA
Title: Reconciliation of SEFA expenditures to financial statement revenue
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared in accordance with the accrualbasis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Reconciliation of Federal grants per financial statements and expenditures per the Schedule ofExpenditures of Federal Awards.Federal and state grants revenue per the statement of activities $1,324,967 Less state portion of various grants (354,556)Expenditures per Schedule of Expenditures of Federal Awards $970,411