Notes to SEFA
Title: NOTE 1 - PURPOSE OF SCHEDULES
Accounting Policies: The Schedule of Expenditure of Federal Awards includes the
federal award activity of the District and is presented on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10-percent de minimis indirect cost rate allowed un
the Uniform Guidance.
Schedule of Expenditures of Federal Awards: The Schedule of Expenditure of Federal Awards includes the
federal award activity of the District and is presented on the 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
Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal
Awards (Uniform Guidance). 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. The District has elected not to use the 10-percent de minimis indirect cost rate allowed un
the Uniform Guidance.
Title: NOTE 2 - EARLY RETIREMENT INCENTIVE PROGRAM
Accounting Policies: The Schedule of Expenditure of Federal Awards includes the
federal award activity of the District and is presented on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10-percent de minimis indirect cost rate allowed un
the Uniform Guidance.
Education Code Section 14503 requires certain disclosure in the financial statements of districts which
adopt Early Retirement Incentive Programs pursuant to Education Code Sections 22714 and 44929. For
the fiscal year ended June 30, 2023, the District did not adopt this program.