Notes to SEFA
Title: Basis of Presentation
Accounting Policies: SEFA prepared on the accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: The District did not use an indirect cost rate
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the District for the two year period from July 1, 2021 through June 30, 2023 and is presented on the accrual basis of acocunting.
Title: Indirect Cost Rate
Accounting Policies: SEFA prepared on the accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: The District did not use an indirect cost rate
The District generally does not use an indirect cost rate, therefore they have not elected to use the 10% de minimis indirect cost rate.