Notes to SEFA
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the Federal grant activity of the District and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), as applicable.There are no balances of loan or loan guarantee programs (loans) outstanding at the end of the audit period.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.