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 and Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts (if any) shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available. Elder Law of Michigan, Inc. and Elder Law of Michigan Pooled Account Trust has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The organization does not pass through any federal funds.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.