Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of C.S. Mott
Community College (the "College") under programs of the federal government for the year ended June 30, 2023. The
information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part
200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
Because the Schedule presents only a selected portion of the operations of the College, it is not intended to and does not
present the net position, changes in net position, or cash flows of the College. Expenditures reported on the Schedule are
reported on the accrual basis of accounting, which is described in Note 1 to the College's financial statements. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance or other applicable guidance,
wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the
Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior
years. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.