Notes to SEFA
Accounting Policies: The accompanying Supplemental Schedule of Expenditures of Federal Awards is presented in accordance with the requirement of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards, and is prepared using the accrual basis of accounting and economic resource management focus.
De Minimis Rate Used: N
Rate Explanation: The School has elected not to use the 10-percent de minimis cost rate as allowed under the Uniform Guidance.