Notes to SEFA
Title: Expenditures
Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the full accrual basis of accounting used by the District in its preparation of its financial statements.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Expenditures reported in the Schedule of Expenditures of Federal Awards cannot be traced directly to the expenses reported in the Districts Annual Comprehensive Financial Report (ACFR), which is bound separately. According to the 2022 Compliance Supplement, nonfederal entities must record expenditures on the Schedule of Expenditures of Federal Awards (SEFA) when (1) FEMA has approved the nonfederal entitys PW and (2) the nonfederal entity has incurred the eligible expenditures. The Districts 2022 SEFA contains no expenditures which were incurred and reported prior to 2022.