Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the SEFA and SSFA are reported on the modified accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certaintypes of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on theSEFA and SSFA represent adjustments or credits made in the normal course of business to amounts reportedas expenditures in prior years. The District has elected not to use the 10-percent de minimis indirect cost rateas allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the SEFA) and schedule of state financialassistance (the SSFA) include the federal and state award activity of West Carroll Special School District (theDistrict) under programs of the federal and state governments for the year ended June 30, 2022. Theinformation in the SEFA is presented in accordance with the requirements of Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements forFederal Awards (Uniform Guidance). Because these schedules present only a selected portion of theoperations of the District, they are not intended to and do not present the statement of net position, statementof activities, or cash flows of the District.