Notes to SEFA
Accounting Policies: Expenses in this schedule are presented in according with Geneally Accepted Accounting Principles, and include amounts paid as well as accounts payable for goods or services received. schedule do not agreee with the expenses according to the financial statements for the Covid 19 grant Expenses in this schedule do not agreee with the expenses according to the financial statements for the Covid 19 grant inasmuch as expenses in the financial statements include encumbrances in accordance with the regulatory basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The District did not use the 10% de minimus rate for indirect costs.