Notes to SEFA
Accounting Policies: Note 1. Basis of Presentation
This accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award
activity of 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected
portion of operations of the District, it is not intended to and does not present the financial position, changes
in net assets, or cash flows of the District.
Note 2. Summary of Significant Accounting Policies
Expenditures reported on the Schedule are reported on the regulatory basis of accounting. Such
expenditures recognized following the cost principles contained in the Uniform Guidance, wherein certain
types of expenditures are not allowable or are limited to reimbursement.
Note 3. Indirect Cost Rate
The District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance.
Note 4. Food Distribution
Non-monetary assistance is reported in the schedule at the fair market value of the commodities received
and disbursed.
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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.