Notes to SEFA
Accounting Policies: The expenses in the accompanying Schedule of Expenditures of Federal and State Awards are presented using the accrual basis of accounting. The amounts reported in this schedule as expenditures may differ from certain financial reports submitted to federal funding agencies due to those reports being submitted on either a cash or modified accrual basis of accounting. Federal and state awards expenditures are reported on the statement of functional expenses as program services. In certain programs, the expenditures reported in the basic financial statements may differ from the expenditures reported in the schedule of federal and state awards due to program expenditures exceeding grant or contract budget limitations which are not included as federal and state awards.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.