Notes to SEFA
Title: Basis of Accounting
Accounting Policies: The District maintains its accounting records in accordance with the economic resources measurement focus and the accrual basis of Accounting. The Schedule is presented using the same basis of Accounting.
De Minimis Rate Used: Y
Rate Explanation: The district elected to charge a de minimis rate of 10% for all federal awards.
The District maintains its accounting records in accordance with the economic resources measurement focus
and the accrual basis of accounting. The Schedule is presented using the same basis of accounting.
Title: Indirect Cost Rate
Accounting Policies: The District maintains its accounting records in accordance with the economic resources measurement focus and the accrual basis of Accounting. The Schedule is presented using the same basis of Accounting.
De Minimis Rate Used: Y
Rate Explanation: The district elected to charge a de minimis rate of 10% for all federal awards.
The District elected to charge a de minimis rate of 10% for all federal awards.