Notes to SEFA
Accounting Policies: The accompanying schedules of expenditures of federal awards and state financial
assistance (the Schedules) include the federal and state award activity of the District under
programs of the federal and state governments for the year ended June 30, 2023. The
information in these Schedules is presented in accordance with the requirements of 2 CFR
Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements
for Federal Awards (Uniform Guidance) and the Wisconsin State Single Audit Guidelines.
Because the Schedules present only a selected portion of the operations of the District,
they are not intended to and do not present the financial position or changes in net position
of the District.
De Minimis Rate Used: N
Rate Explanation: The District has not elected to use the 10% de minimis indirect cost rate. The District did
not pass-through any amounts to subrecipients during the year.