Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity ofUnified School District No. 458 (the District) and is presented on the regulatory basis of accounting. 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 aggregate cash andunencumbered cash balance and the aggregate receipts and expenditures of the District as described inNote 2 to the Districts financial statement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.