Notes to SEFA
Accounting Policies: Notes:(1) Basis of PresentationThe Schedule of Expenditures of Federal Awards represents amounts expended from Federal programs during the 2021-2022fiscal year as determined based on the modified accrual basis of accounting. The amount reported on the Schedule have beenreconciled to and are in agreement with amounts recorded in the District's accounting records from which the basic financialstatements have been reported.(2) Noncash Financial AssistanceThe District received $6,605,268 of USDA donated foods under the National School Lunch Program during the year.(3) Administrative Cost AllowanceThe District has elected not to use the 10% deminimus indirect cost rate as outlined in the Uniform Guidance.(4) Contingencies and Other MattersGrant monies received and disbursed by the District are for specific purposes and are subject to review by the grantor agencies.Such audits may result in requests for reimbursement due to disallowed expenditures. If any expenditures are disallowed by thegrantor agencies as a result of such an audit, any claim of reimbursement to the grantor agencies would become a liability of the District. The District does not believe that such disallowances, if any, would have a material effect on the financial position of theDistrict. As of June 30, 2022, management is not aware of any material questioned or disallowed costs as a result of grant auditsin process or completed
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.