Notes to SEFA
Accounting Policies: The schedule of expenditures of federal awards includes the federal award activity of Englewood East.
and is presented on the accrual basis of accounting. The information in this schedule is presented in
accordance with OMB Uniform Guidance. Therefore, some amounts presented in this schedule may
differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimus cost rate.