Notes to SEFA
Accounting Policies: Expenditures reported on the Schedule are reported on the current financial resource measurement focus and 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 allowable 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 the previous year.
De Minimis Rate Used: N
Rate Explanation: The district has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.