Notes to SEFA
Title: Relationship to Federal Financial Statements
Accounting Policies: Expenditures reported on the Schedule are reported using the modified cash basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are not reimbursed.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use the 10 percent de minimis indirect cost rate.
Amounts reported in the schedule of expenditures of federal awards agree with the amounts reported in the related federal financial reports.
Title: Noncash Programs
Accounting Policies: Expenditures reported on the Schedule are reported using the modified cash basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are not reimbursed.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use the 10 percent de minimis indirect cost rate.
The commodities received, which are noncash revenues, are valued using prices provided by the United States Department of Agriculture.
Title: Subrecipents
Accounting Policies: Expenditures reported on the Schedule are reported using the modified cash basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are not reimbursed.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use the 10 percent de minimis indirect cost rate.
The District did not provide funds to subrecipients during the year.