Notes to SEFA
Accounting Policies: The schedule of expenditures of federal awards were reported on the accrual basis of accounting. Under the accrual basis of accounting, expenditures are recognized when incurred. Expenditures reported include any property or equipment acquisitions incurred under the federal program. 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.
De Minimis Rate Used: N
Rate Explanation: AVTA has elected not to use the 10 percent de minimis indirect cost rate as allowed under the
Uniform Guidance