Notes to SEFA
Accounting Policies: (1) The schedule of expenditures of federal, state and city awards is presented using the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.(2) Federal and city financial assistance expenditures are reported on the statements of activities and changes in net assets as government grants. There were no state expenditures.(3) Campaign for Working Families, Inc. did not elect to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.