Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards includes federal grant activity of theDistrict and is presented under the modified accrual basis of accounting. The April 2022 Edition of theTitle 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, CostPrinciples, and Audit Requirements of Federal Awards (Uniform Guidance) requires a disclosure of thefinancial activities of all federally funded programs. This schedule was prepared to comply with theUniform Guidance and state requirements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.