Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Note 2. Summary of Significant Accounting Policies Expenditures reported on the Schedule are reported on the accrual 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 limited as to reimbursement. No federal financial assistance has been provided to a subrecipient.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federalaward activity of the District under programs of the federal government for the year ended June 30,2022. All federal awards received directly from federal agencies, as well as federal awards passedthrough other governmental agencies, and expended during the year are included in the schedule. Theinformation in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code ofFederal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selectedportion of the operations of the District, it is not intended to and does not present the financial positionor changes in net position of the District.