Notes to SEFA
Accounting Policies: Note 1. Basis of PresentationThis accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of theDistrict under programs of the federal government for the year ended June 30, 2022. The information in this Schedule ispresented in accordance with the requirements of Title 2 U. S. Code of Federal Regulations Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedulepresents only a selected portion of operations of the District, it is not intended to and does not present the financial position,changes in net assets, or cash flows of the District.Note 2. Summary of Significant Accounting PoliciesExpenditures reported on the Schedule are reported on the regulatory basis of accounting. Such expenditures recognizedfollowing the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable orare limited to reimbursement.Note 3. Indirect Cost RateThe District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.Note 4. Food DistributionNon-monetary assistance is reported in the schedule at the fair market value of the commodities received and disbursed.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.