Notes to SEFA
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200,Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures may or may not be allowable or may be limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the 10-percent de minimis indirect cost rate as allowed under the UniformGuidance. The Schedule of Expenditures of Federal Awards reflects the application of actual fringe benefitsand indirect costs rates, subject to grant or program limitations.