Notes to SEFA
Accounting Policies: 1. The Schedule of Expenditures of Federal Awards is presented using the modified cash basis of accounting, which is described in Note 1 to the District's financial statements.2. Commodities received and disbursed through the Food Distribution Program are valued by the Food Service Section of the Department of Elementary and Secondary Education.3. The District did not provide funds to subrecipients in the current year.4. The District elected not to use the 10% de minimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.