Notes to SEFA
Title: Note 3 - Program Costs
Accounting Policies: NOTE 1 ‐ BASIS OF ACCOUNTING: This schedule is prepared on the
same basis of accounting as the District financial statements. The
District uses the accrual basis of accounting for government‐ wide
proprietary fund financial statements and modified accrual basis of
accounting for governmental fund financial statements.
De Minimis Rate Used: N
Rate Explanation: NOTE 2 ‐ FEDERAL DE MINIMUS INDIRECT COST RATE: The District
has not elected to use the 10‐percent de minimis indirect cost rate
allowed under the Uniform Guidance.
The amount shown as current year
expenditures represent only the federal grant portion of the
program costs. Entire program costs, including the District portion,
are more than shown. Such expenditures are recognized following,
as applicable, either the cost principles in the OMB Circular A‐87,
Cost Principles for State, Local, and Indian Tribal Governments, or
the cost principles contained in Title 2 U.S. Code of Federal
Regulations Part 200, Uniform Administrative Requirements, Cost
Principles, and Audit Requirements for Federal Awards, wherein
certain types of expenditures are not allowable or are limited as to
reimbursement.
Title: Note 4
Accounting Policies: NOTE 1 ‐ BASIS OF ACCOUNTING: This schedule is prepared on the
same basis of accounting as the District financial statements. The
District uses the accrual basis of accounting for government‐ wide
proprietary fund financial statements and modified accrual basis of
accounting for governmental fund financial statements.
De Minimis Rate Used: N
Rate Explanation: NOTE 2 ‐ FEDERAL DE MINIMUS INDIRECT COST RATE: The District
has not elected to use the 10‐percent de minimis indirect cost rate
allowed under the Uniform Guidance.
Amounts reported include prior year expenditures.