Notes to SEFA
Title: Note 3
Accounting Policies: The SEFA was presented on the modified accrual basis of accounting. The information in this schedule is presented in accourdance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administratative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10-percent de minimis cost rate.
Insurance coverage in effect paid with federal funds during the year amounted to zero. Loans/loan guarantees outstanding at June 30, 2023 amounted to zero. The district had no federal grants requiring matching expensitures during the year ended June 30, 2023
Title: Note 4
Accounting Policies: The SEFA was presented on the modified accrual basis of accounting. The information in this schedule is presented in accourdance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administratative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10-percent de minimis cost rate.
Noncash assistance expensed by the District amounted to zero.