Notes to SEFA
Accounting Policies: Summary of Significant Accounting Policies - Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Expenditures are recognized following the cost principles in the Uniform Guidance as applicable, wherein certain types of expenditures are not allowable or are limited as to reimbursement.Negative amounts (if any) shown on the schedule represent adjustments or credits made in the normal courseof business to amounts reported as expenditures in prior years. Pass-through entity identifying numbersare presented where available.Noncash Assistance - The value of noncash assistance received was determined in accordance with the provisionsof the Uniform Guidance. The grantee received no noncash assistance during the year ended June 30, 2022 thatis not included on the schedule of expenditures of federal awards.The District did not pass-through any federal awards to sub recipients.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.