Notes to SEFA
Accounting Policies: The Schedule of expenditures of federal awards is presented on the accrual basis of accounting. such expenditures are recognized following cost principal contained in the uniform guidance where in certain types of expenditures are not allowable or are limited as to reimbursement. 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: Y
Rate Explanation: The auditee used the de minimis cost rate.