Notes to SEFA
Accounting Policies: EXPENDITURES REPORTED ON THE SCHEDULE ARE REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING. 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. NEGEATIVE AMOUNTS SHOWN ON THE SCHEDULE REPRESENT ADJUSTMENTS MADE IN THE NORMAL COURSE OF BUSINESS TO AMOUNTS REPROTED IN PRIOR YEARS.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.