Notes to SEFA
Accounting Policies: The schedules present the activity of all Federal and State programs of the District for the year endedAugust 31, 2022. Expenditure reports to funding agencies are prepared on the award period basis. Theexpenditures reported above represent funds which have been expended by the District for thepurposes of the award. The expenditures reported above may not have been reimbursed by the fundingagencies as of the end of the fiscal year. Separate accounts are maintained for the different awards toaid in the observance of limitations and restrictions imposed by the funding agencies. The District hasfollowed all applicable guidelines issued by various entities in the preparation of the schedules. Sincethe District does not have an agency approved indirect recovery rate, it has elected to use the 10% deminimis cost rate as per permitted in the UG, section 200.414.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.