Notes to SEFA
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein
certain types of expenditures are not allowed or are limited as to reimbursement. Negative amounts shown
on the schedule represent adjustments or credits made in the normal course of business to amounts
reported as expenditures in prior years. The District has elected not to use the 10 percent de minimis
indirect cost rate as allowed under Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10 percent de minimis
indirect cost rate as allowed under Uniform Guidance.