Notes to SEFA
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance,wherein certain types of expenditures are not allowed or are limited as to reimbursement. Negativeamounts shown on the schedule represent adjustments or credits made in the normal course ofbusiness to amounts reported as expenditures in prior years. The District has elected not to use the 10percent de-minimus indirect cost rate as allowed under Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.