Notes to SEFA
Accounting Policies: Expenditures reported in the Schedule are reported on the modified 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. Fort Dodge Community School District made no subrecipient payments.
De Minimis Rate Used: N
Rate Explanation: Fort Dodge Community School District has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.