Notes to SEFA
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal award activity of
Bloomfield Municipal School District (the District) under programs of the federal government for the year ended June
30, 2023. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of
Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements
for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of
the District, it is not intended to and does not present the financial position or changes in financial position of the
District.
De Minimis Rate Used: N
Rate Explanation: The District has elected
not to use the 10% deminimis indirect cost rate allowed under the Uniform Guidance