Notes to SEFA
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards presents the activities of all federal awards programs of Centro de Desarrollo Familiar Seasonal HS/EHS de la Diocesis de Mayaguez; Inc. reporting entity is defined in Note 1. All federal awards received directly from federal agencies, as well as federal awards passed through other governmental agencies, are included in the schedule. The information in the schedule is presented in accordance with the requirement by Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting, which is described in Note 2 of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.