Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of all federal award programs. All federalfinancial awards received directly from federal agencies including awards passed through other government agencies, areincluded on the schedule of federal awards. The accompanying schedule of expenditures of federal awards is presented usingthe accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.