Notes to SEFA
Accounting Policies: Expenditures reported in the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in Uniform AdministrativeRequirements, Cost Principles and Audit Requirements for Federal Awards, wherein certain types ofexpenditures are not allowed. Assistance Listing numbers (AL No.) are provided when available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.