Notes to SEFA
Title: Note 1:
Accounting Policies: The modified accrual basis was used to prepare the Schedule of Expenditures of Federal Awards
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use the 10% de minimis indirect cost rate.
Significant Accounting Policies used in preparing the Schedule of Expenditure of Federal Awards. The modified accrual basis was used to prepare the Schedule of Expenditures of Federal Awards.
Title: Note 2:
Accounting Policies: The modified accrual basis was used to prepare the Schedule of Expenditures of Federal Awards
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use the 10% de minimis indirect cost rate.
Insurance Requirements. There are no insurance requirements on the federal awards disclosed on the Schedule of Expenditures of Federal Awards.
Title: Note 3:
Accounting Policies: The modified accrual basis was used to prepare the Schedule of Expenditures of Federal Awards
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use the 10% de minimis indirect cost rate.
Loans or Loan Guarantees. There were no loans or loan guarantees outstanding at year end.
Title: Note 4:
Accounting Policies: The modified accrual basis was used to prepare the Schedule of Expenditures of Federal Awards
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use the 10% de minimis indirect cost rate.
De Minimis Indirect Rate. The District did not elect to use the 10% de minimis indirect cost rate.