Notes to SEFA
Accounting Policies: Expenditures reported on the Schedule are reported using the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Indirect costs may be included in the reported expenditures, to the extent that they are included in the federal financial reports. Certain of the Organization's federal award programs have been charged with indirect costs based on the Organization's cost allocation plan. The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance applied to overall expenditures.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.