Notes to SEFA
Accounting Policies: The SEFA is prepared by the Federal Programs Specialist in consultation with the Chief Financial/Operating Officer. The SEFA will reflect two fiscal years as the final payment for Federal Awards is received in October of the following fiscal year. Management is also aware that the districts external auditors review encumbrance vouchers for improperly recorded expenditures. As the district reports on cash basis, receivables not recorded by the district.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.