Notes to SEFA
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures 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% de minimis indirect cost rate as allowed under theUniform Guidance.Relationship to Federal Financial ReportsAmounts reported in the Schedule agree with the amounts reported in the related federal financialreports in all significant respects.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.