Notes to SEFA
Accounting Policies: Note A: Food Distribution: Nonmonetary assistance is reported in the schedule at the fair market value of the commodities received and disbursedNote B: This schedule was prepared on a regulatory basis of accounting consistent with the preparation of the combined financial statements, except for the nonmonetary assistance noted in Note ANote C: The Federal expenditures noted above include indirect costs charged by the District that were not included in the OCAS summary of expenditures.The projects noted include Project Code #552 indirect costs of $207.79The projects noted include Project Code #793 indirect costs of $3,721.58The projects noted include Project Code #795 indirect costs of $3,050.00Note D: None of the Federal grant/contracts include any loan programs, loan guarantee programs, has no sub-recipients, and does not use the 10% de minimis cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.