Notes to SEFA
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expendituresare recognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowable or are limited as to reimbursement.Pass-through identifying numbers are presented where available and applicable.
De Minimis Rate Used: N
Rate Explanation: PRTC has elected not to use the 10 percent de minimis indirect cost rate as allowed under the UniformGuidance.