Notes to SEFA
Accounting Policies: Expenditures reported on the Schedule of Expenditures of Federal Awards are reported on the accrual basis ofaccounting. Such expenses 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. Negative amounts(if any) shown on the Schedule of Expenditures of Federal Awards represent adjustments or credits made in thenormal course of business to amounts reported as expenses in prior years. Pass-through entity identifyingnumbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.