Notes to SEFA
Title: Notes
Accounting Policies: This schedule is on a GAAP basis. There were no loans/loan guarantees. Items with asterisk (*) are major programs. Non-monetary assistance is reported in the schedule at the fair market value of commodities received and disbursed. The District has not elected to use the 10 percent de minimus indirect cost rate. None of the federal expenditures listed above were passed to subrecipients.
De Minimis Rate Used: N
Rate Explanation: The District has not elected to use the 10 percent de minimus indrect cost rate.
This schedule is on a GAAP basis. There were no loans/loan guarantees. Items with asterisk (*) are major programs. Non-monetary assistance is reported in the schedule at the fair market value of commodities received and disbursed. The District has not elected to use the 10 percent de minimus indirect cost rate. None of the federal expenditures listed above were passed to subrecipients.