Notes to SEFA
Accounting Policies: NOTE A - BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activityof Disability Rights New Mexico under programs of the federal government for the year ended September 30, 2022.The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements forFederal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations ofDisability Rights New Mexico it is not intended to and does not present the financial position, changes in net assets,or cash flows of Disability Rights New Mexico.NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES1. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance, whereincertain types of expenditures are not allowable or are limited as to reimbursement.2. Disability Rights New Mexico does not use the 10 percent de minimus indirect cost rateas allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.