Notes to SEFA
Title: Assistance Listing Numbers (ALN)
Accounting Policies: Expenditures reported in 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 expenditures may or may not be allowable or may be limited as to reimbursement. The Company has elected not to use the 10 percent de minimis indirect cost rate, as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The ALN included in the Schedule are determined based on the program name, review of grant contract information, and the public descriptions of Federal Assistance Listing published by the U.S. Government.
Title: Major federal programs
Accounting Policies: Expenditures reported in 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 expenditures may or may not be allowable or may be limited as to reimbursement. The Company has elected not to use the 10 percent de minimis indirect cost rate, as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The major federal program is identified in the Summary of Auditors Results Section in the Schedule of Findings and Questioned Costs. Federal program is presented by federal agency.