Title: NOTES ON ACCOUNTING POLICIES FOR FEDERAL A WARDS
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
For all Federal programs, the District uses the fund types specified in Texas Education Agency's Financial
Title: FOR THE YEAR ENDING AUGUST 31, 2023
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
Accountability System Resource Guide. Special revenue funds are used to account for resources restricted to, or
Title: NOTES ON ACCOUNTING POLICIES FOR FEDERAL A WARDS
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
designated for, specific purposes by a grantor. Federal and state financial assistance generally is accounted for in a
Title: FOR THE YEAR ENDING AUGUST 31, 2023
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
Special Revenue Fund. Generally, unused balances are returned to the grantor at the close of specified project
Title: NOTES ON ACCOUNTING POLICIES FOR FEDERAL A WARDS
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
periods.
Title: FOR THE YEAR ENDING AUGUST 31, 2023
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
* The accounting and financial reporting treatment applied to a fund is detennined by its measurement focus. The
Title: NOTES ON ACCOUNTING POLICIES FOR FEDERAL A WARDS
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
Governmental Fund types are accounted for using a current financial resources measurement focus. All Federal
Title: FOR THE YEAR ENDING AUGUST 31, 2023
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
grant funds were accounted for in a Special Revenue Fund or, in some instances, in the General Fund which are
Title: NOTES ON ACCOUNTING POLICIES FOR FEDERAL A WARDS
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
Governmental Fund type funds.
Title: FOR THE YEAR ENDING AUGUST 31, 2023
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
With this measurement focus, only current assets and current liabilities and the fund balance are included on the
Title: NOTES ON ACCOUNTING POLICIES FOR FEDERAL A WARDS
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
balance sheet. Operating statements of these funds present increases and decreases in net current assets. The
Title: FOR THE YEAR ENDING AUGUST 31, 2023
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
modified accrual basis of accounting is used for the Governmental Fund types. This basis of accounting
Title: NOTES ON ACCOUNTING POLICIES FOR FEDERAL A WARDS
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
recognizes revenues in the accounting period in which they become susceptible to accrual, i.e., both measurable
Title: FOR THE YEAR ENDING AUGUST 31, 2023
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
and available, and expenditures in the accounting period in which the fund liability is incurred, if measurable,
Title: NOTES ON ACCOUNTING POLICIES FOR FEDERAL A WARDS
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
except for unmatured interest on General Long-Term Debt, which is recognized when due, and certain
Title: FOR THE YEAR ENDING AUGUST 31, 2023
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
compensated absences and claims and judgments, which are recognized when the obligations are expected to be
Title: NOTES ON ACCOUNTING POLICIES FOR FEDERAL A WARDS
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
liquidated with expendable available financial resources. Federal grant funds are considered to be earned to the
Title: FOR THE YEAR ENDING AUGUST 31, 2023
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
extent of expenditures made under the provisions of the grant, and, accordingly, when such funds are received,
Title: NOTES ON ACCOUNTING POLICIES FOR FEDERAL A WARDS
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
they are recorded as unearned revenues until earned.
Title: FOR THE YEAR ENDING AUGUST 31, 2023
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
* The District must submit to the pass-through entity, no later than 90 calendar days ( or an earlier date as agreed
Title: NOTES ON ACCOUNTING POLICIES FOR FEDERAL A WARDS
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
upon by the pass-through entity and the District) after the end date of the period of performance, all financial,
Title: FOR THE YEAR ENDING AUGUST 31, 2023
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
performance, and other reports as required by the terms and conditions of the Federal award. The Federal
Title: NOTES ON ACCOUNTING POLICIES FOR FEDERAL A WARDS
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
awarding agency or pass-through entity may approve extensions when requested and justified by the non-Federal
Title: FOR THE YEAR ENDING AUGUST 31, 2023
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
entity, as applicable (2 CFR 200.344(a)).
Title: NOTES ON ACCOUNTING POLICIES FOR FEDERAL A WARDS
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
Unless the Federal awarding agency or pass-through entity authorizes an extension, a non-Federal entity must
Title: FOR THE YEAR ENDING AUGUST 31, 2023
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
liquidate all financial obligations incurred under the Federal award no later than 120 calendar days after the end
Title: NOTES ON ACCOUNTING POLICIES FOR FEDERAL A WARDS
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
date of the performance as specified in the terms and conditions of the Federal award (2 CFR 200.344(b)).
Title: FOR THE YEAR ENDING AUGUST 31, 2023
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
* Assistance Listing Number (CFDA) numbers for commodity assistance are the Assistance Listing Number
Title: NOTES ON ACCOUNTING POLICIES FOR FEDERAL A WARDS
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
(CFDA) numbers of the programs under which USDA donated the commodities.
Title: FOR THE YEAR ENDING AUGUST 31, 2023
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
The Schedule of Expenditures of Federal Awards presents the activity of all applicable federal award programs of
Title: NOTES ON ACCOUNTING POLICIES FOR FEDERAL A WARDS
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
the District. The District's reporting entity is defined in Note I of the basic financial statements. Federal awards
Title: FOR THE YEAR ENDING AUGUST 31, 2023
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
received directly from federal agencies, as well as federal awards passed through other government agencies, are
Title: NOTES ON ACCOUNTING POLICIES FOR FEDERAL A WARDS
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
included on the Schedule of Expenditures of Federal Awards.
Title: FOR THE YEAR ENDING AUGUST 31, 2023
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
The Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of accounting.
Title: NOTES ON ACCOUNTING POLICIES FOR FEDERAL A WARDS
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal
Title: FOR THE YEAR ENDING AUGUST 31, 2023
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for
Title: NOTES ON ACCOUNTING POLICIES FOR FEDERAL A WARDS
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from
Title: FOR THE YEAR ENDING AUGUST 31, 2023
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
amounts presented in, or used in the preparation of, the fmancial statements.
Title: NOTES ON ACCOUNTING POLICIES FOR FEDERAL A WARDS
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate described ar 2 CFR 200.414(f) - Indirect (F&A) costs.
None of the federal programs expended by the District were provided to sub-recipients.