Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards includes federal grant activity of Sarah's Inn and is presented on an accrual basis of accounting. The information in this schedule is presented in accordance with requirements of the Audits, Local Governments, and NonProfit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used for preparation of, the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.