Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards include the federal grant activity of TOCFWH and are presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from certain financial reports submitted to federal, state or city agencies due to those reports being submitted on either a cash or modified accrual basis of accounting. Because the accompanying schedule present only a selected portion of operations of TOCFWH, it is not intended to end does not present thefinancial position, changes in net assets, or cash flows of TOCFWH.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.