Notes to SEFA
Accounting Policies: THE ACCOMPANYING SCHEDULES OF EXPENDITURES OF AWARDS AND FINANCIAL ASSISTANCE ARE PRESENTED ON THE BUDGETARY BASIS OF ACCOUNTING WITH THE EXCEPTION OF PROGRAMS RECORDED IN THE FOOD SERVICES FUND, WHICH ARE PRESENTED USING THE ACCRUAL BASIS OF ACCOUNTING. THESE BASES OF ACCOUNTING ARE DESCRIBED IN NOTES 1(D) AND 1(E) TO THE BOARD'S BASIC FINANCIAL STATEMENTS. THE INFORMATION IN THIS SCHEDULE IS PRESENTED IN ACCORDANCE WITH THE REQUIREMENTS OF 2 CFR 200-UNIFORM ADMINISTRATIVE REQURIEMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS. THEREFORE, SOME AMOUNTS PRESERNTED IN THIS SCHEDULE MAY DIFFER FROM AMOUNTS PRESENTED IN, OR USED IN THE PREPARATION OF, THE BASIC FINANCIAL STATEMENTS.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.