Notes to SEFA
Title: Note 2 - Subrecipients
Accounting Policies: The Schedule of Expenditures of Federal Awards (the "Schedule") includes the Federal grant activity of HRSD and is presented on the accrual basis of accounting. The information in this Schedule is presented in accordance with the requirements of Uniform Guidance. Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in, the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: HRSD does not elect to use a 10% de minimis indirect cost rate allowed under Section 2 CFR 200.331(a)(4).
HRSD does not have any subrecipients.