Notes to SEFA
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the accrual basis of accounting. The informationin this schedule is presented in accordance with the OMBs Uniform Administrative Requirements , CostPrinciples, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule maydiffer from the amounts presented in, or used in the preparation of, the Districts basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.