Notes to SEFA
Accounting Policies: The accompanying Schedule of Federal Awards includes the Federal grant activity of Plainview Housing, Inc. and is presented on the accrual basis of accounting. Plainview Housing, Inc. has not charged indirect costs to any of the federal programs. Therefore, the election on the 10 percent de minimis indirect cost rate is not applicable as allowed under Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Plainview Housing, Inc. has not charged indirect costs to any of the
federal programs. Therefore, the election on the 10 percent de minimis indirect cost rate is not applicable as allowed under Uniform Guidance.