Notes to SEFA
Title: Contingencies
Accounting Policies: Expenditures reported on 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. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The District participates in various Federal grant programs. These programs are subject to program compliance audits pursuant to the Uniform Guidance. he amount of expenditures which may be disallowed by the granting agencies cannot be determined at this time.