Notes to SEFA
Title: A. Significant Accounting Policies used in preparing the SEFA
Accounting Policies: The Schedule of Expenditures of Federal Awards was prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The District did not elect elect the 10% deminimus indirect cost rate. The Association does not receive any money for administrative costs.
The Schedule of Expenditures of Federal Awards was prepared on the accrual basis of accounting.
Title: B. Loan Subsidy
Accounting Policies: The Schedule of Expenditures of Federal Awards was prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The District did not elect elect the 10% deminimus indirect cost rate. The Association does not receive any money for administrative costs.
None.
Title: C. DeMinimis
Accounting Policies: The Schedule of Expenditures of Federal Awards was prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The District did not elect elect the 10% deminimus indirect cost rate. The Association does not receive any money for administrative costs.
The District did not elect elect the 10% deminimus indirect cost rate. The Association does not receive any money for administrative costs.
Title: D. Loan Balances
Accounting Policies: The Schedule of Expenditures of Federal Awards was prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The District did not elect elect the 10% deminimus indirect cost rate. The Association does not receive any money for administrative costs.
There are no loans.