Notes to SEFA
Accounting Policies: 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 expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: CWP has an approved provisional indirect cost rate issued from the United States Department of
Labor in the amount of 8.25%. CWP is not eligible to use the de minimis indirect cost rate under
the Uniform Guidance.