Notes to SEFA
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.Such expenditures are recognized following the cost principles contained in UniformGuidance and/or OMB Circular A-87, Cost Principles for State, Local, and Indian TribalGovernments wherein certain types of expenditures are not allowable or are limited as toreimbursement. Negative amounts shown on the Schedule represent adjustments orcredits made in the normal course of business to amounts reported as expenditures inprior years. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: Y
Rate Explanation: The Town of Hamden, Connecticut did not recover its indirect costs using the 10% deminimis direct cost rate provided under section 200.41, of the Uniform Guidance rules.