Notes to SEFA
Accounting Policies: The schedule of expenditures of federal awards is presented using the cash basis of accounting, which is a basis other than those generally accepted government accounting policies. Expenditures are recognized in the accounting period in which the expenditure is incurred, and cash is disbursed. Revenues are recognized at the time of the cash receipt.
De Minimis Rate Used: N
Rate Explanation: The District has not elected to use the 10% de minimis rate for charging indirect costs to programs.