Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Sustainable Energy Utility, Inc. DBA Delaware Sustainable Energy Utility and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. 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: N
Rate Explanation: For the year ended June 30, 2023, Sustainable Energy Utility, Inc. DBA Delaware Sustainable Energy Utility did not use any indirect cost rate, as the entity had no indirect costs charged to their federal programs.