Notes to SEFA
Accounting Policies: Expenditures reported on these Schedules are reported on the accrual basis of accounting except for amounts passed through to sub-recipients, which are presented on a cash basis. Such expenditures are recognized following the cost principles contained in Title 2 U.S Code of Federal Regulation Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Amounts reported in the accompanying Schedules agree with amounts reported in the organization's financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.