Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Richland Four-Ninety, Inc. and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations. Because the schedule presents only a selected portion of the operations of Richland Four-Ninety, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Richland Four-Ninety, Inc.
De Minimis Rate Used: N
Rate Explanation: N/A