Notes to SEFA
Accounting Policies: Basis of PresentationThe accompanying schedule of expenditures of federal awards includes the federal grant activity of Southwest Louisiana AIDS Counciland is presented on the accrual basis of accounting. The information on this schedule is presented in accordance with the requirementsof Title 2 of U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirementsfor Federal Awards (Uniform Guidance). Certain costs have been allocated to the federal program in accordance with OMB Circular A-122,Cost Prinicples of Non-Profit Organizations. The amounts presented in this schedule do not differ from the amounts presented in, or usedin the preparation of the financial statements.Southwest Louisiana Aids Council has elected not to use the 10 percent de minimis cost rate as allowed under Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.