Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity ofthe Organization under programs of federal, state and local governments for the year ended June 30, 2022. Theinformation in this schedule is presented in accordance with the requirements Title 2 U.S. Code of FederalRegulations (CFR) Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements forFederal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations ofthe Organization, it is not intended to and does not present the financial position, changes in net assets, or cashflows of the Organization. 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, wherein certain types of expendituresare not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.