Notes to SEFA
Accounting Policies: TheaccompanyingScheduleofExpendituresofFederalAwards(the"Schedule")includestheFederalcontractsandgrantactivityofMetanoiaandispresentedontheaccrualbasisofaccounting.TheinformationinthisScheduleispresentedinaccordancewiththerequirementsofTitle2U.S.CodeofFederalRegulationsPart200,UniformAdministrativeRequirements,CostPrinciples,andAuditRequirementsforFederalAwards("UniformGuidance"). Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in, the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.