Notes to SEFA
Title: Subrecipients
Accounting Policies: Expenditures 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, or other applicable cost principles wherein certain types of expenditures are not allowable or are limited to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The Center neither received nor disbursed federal awards in the form of nonmonetary assistance during the fiscal year ended June 30, 2022.
Title: Insurance and Loans or Loan Guarantees
Accounting Policies: Expenditures 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, or other applicable cost principles wherein certain types of expenditures are not allowable or are limited to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
During the year ended June 30, 2022, the Center received no insurance, loans, loan guarantees or other federal assistance for the purpose of administering federal programs.
Title: Donated Personal Protective Equipment (unaudited)
Accounting Policies: Expenditures 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, or other applicable cost principles wherein certain types of expenditures are not allowable or are limited to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The Center did not receive any in-kind donations of personal protective equipment that was funded by direct or pass-through federal awards.