Notes to SEFA
Accounting Policies: A.BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the District under programs of the federal government for the year ended June 30, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the 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.B.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESAll expenditures reported on the Schedule are reported on the modified accrual basis of accounting as applicable to governmental funds. Pass-through entity identifying numbers are presented where available. C.INDIRECT COSTSThe District has elected not to use the 10 percent de minimus indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.