Title: Note 2. Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost priciples contained in the Uniform Guidance, or UGMS, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative accounts shown in the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in the prior year. Amounts reported in the Schedule may not agree with amounts reported in the related Federal/State financial reports filed with grantor agencies becaause of accruals wich would be included in the next report filed with the agencies.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such
Title: Note 2. Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost priciples contained in the Uniform Guidance, or UGMS, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative accounts shown in the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in the prior year. Amounts reported in the Schedule may not agree with amounts reported in the related Federal/State financial reports filed with grantor agencies becaause of accruals wich would be included in the next report filed with the agencies.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
expenditures are recognized following, as applicable, the cost principles contained in the Uniform
Title: Note 2. Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost priciples contained in the Uniform Guidance, or UGMS, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative accounts shown in the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in the prior year. Amounts reported in the Schedule may not agree with amounts reported in the related Federal/State financial reports filed with grantor agencies becaause of accruals wich would be included in the next report filed with the agencies.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Guidance, or UGMS, wherein certain types of expenditures are not allowable or are limited as to
Title: Note 2. Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost priciples contained in the Uniform Guidance, or UGMS, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative accounts shown in the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in the prior year. Amounts reported in the Schedule may not agree with amounts reported in the related Federal/State financial reports filed with grantor agencies becaause of accruals wich would be included in the next report filed with the agencies.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
reimbursements. Negative accounts shown in the Schedule represent adjustments or credits made in the
Title: Note 2. Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost priciples contained in the Uniform Guidance, or UGMS, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative accounts shown in the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in the prior year. Amounts reported in the Schedule may not agree with amounts reported in the related Federal/State financial reports filed with grantor agencies becaause of accruals wich would be included in the next report filed with the agencies.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
normal course of business to amounts reported as expenditures in the prior year.
Title: Note 3. Relationships to Federal and State Financial Report
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost priciples contained in the Uniform Guidance, or UGMS, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative accounts shown in the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in the prior year. Amounts reported in the Schedule may not agree with amounts reported in the related Federal/State financial reports filed with grantor agencies becaause of accruals wich would be included in the next report filed with the agencies.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Amounts reported in the Schedule may not agree with the amounts reported in the related Federal/State
Title: Note 3. Relationships to Federal and State Financial Report
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost priciples contained in the Uniform Guidance, or UGMS, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative accounts shown in the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in the prior year. Amounts reported in the Schedule may not agree with amounts reported in the related Federal/State financial reports filed with grantor agencies becaause of accruals wich would be included in the next report filed with the agencies.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
financial reports filed with grantor agencies because of accruals which would be included in the next
Title: Note 3. Relationships to Federal and State Financial Report
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost priciples contained in the Uniform Guidance, or UGMS, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative accounts shown in the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in the prior year. Amounts reported in the Schedule may not agree with amounts reported in the related Federal/State financial reports filed with grantor agencies becaause of accruals wich would be included in the next report filed with the agencies.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
report filed with the agencies.
Title: Note 4. Indirect Cost Rate
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost priciples contained in the Uniform Guidance, or UGMS, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative accounts shown in the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in the prior year. Amounts reported in the Schedule may not agree with amounts reported in the related Federal/State financial reports filed with grantor agencies becaause of accruals wich would be included in the next report filed with the agencies.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The District has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance