Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Accrual
De Minimis Rate Used: N
Rate Explanation: The auditee used anapproved rate of 21.18%
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant award programs of MCACCDC. The information in this schedule is presented on the accrual basis of accounting.
Title: Indirect Cost
Accounting Policies: Accrual
De Minimis Rate Used: N
Rate Explanation: The auditee used anapproved rate of 21.18%
MCACCDC has negotiated a provisional rate of 21.18%.