Notes to SEFA
Accounting Policies: This schedule has been prepared under the accrual basis of accounting and with accounting principles generally accepted in the United States of America, and is consistent with the preparation of the CCDOC's basic financial statements. Amounts reflected in the schedule include only expenditures of federal and state awards and are recognized following the cost principles contained in the Uniform Guidance. An award is considered expended when the activity related to the award occurs. The activity generally pertains to events requiring compliance with laws, regulations, and the provisions of contract and grant agreements. Direct costs have been recognized from the accrual basis of accounting when costs are incurred. The CCDOC has elected not to use the 10-percent de minimus indirect cost rates allowed under the Uniform Guidance. Salaries, fringes, and other costs are charged to awards based upon utilization on a direct cost basis.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimus cost rate.