Notes to SEFA
Accounting Policies: The expenditures reported on the schedule are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule, if any, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Indirect costs were calculated in accordance with 2 CFR ?200.412 Direct and Indirect Costs. The California Department of Education approved an indirect cost rate of 5.61% for any programs that do not have pre-determined indirect cost rates; however, the District elected not to charge any indirect costs to federal programs. The District did not elect to use the 10% de minimis cost rate as covered in 2 CFR ?200.414 Indirect Costs.