Notes to SEFA
Accounting Policies: THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS HAS BEEN PREPARED IN ACCORDANCE WITH THE REGULATORY BASIS OF ACCOUNTING AS SET FORTH IN THE KANSAS MUNICIPAL AUDIT AND ACCOUNTING GUIDE. UNDER THE REGULATORY BASIS OF ACCOUNTING, REVENUES ARE RECOGNIZED WHEN CASH IS RECEIVED.
De Minimis Rate Used: N
Rate Explanation: THE DISTRICT DID NOT USE THE 10% DE MINIMUS RATE FOR INDIRECT COSTS.