Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Signficant Accounting Policeis used in preparing the Schedule of Expenditures of Federal Awards. The modified accrual basis was used to prepare the Scehdule of Expenditures for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: N/A
Signficant Accounting Policeis used in preparing the Schedule of Expenditures of Federal Awards. The modified accrual basis was used to prepare the Scehdule of Expenditures for Federal Awards.
Title: Insurance Requirments
Accounting Policies: Signficant Accounting Policeis used in preparing the Schedule of Expenditures of Federal Awards. The modified accrual basis was used to prepare the Scehdule of Expenditures for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: N/A
There are no insurance requirements on the federal awards disclosed on the Schedule of Expenditures of Federal Awards.
Title: Loans or Loan Guarantees
Accounting Policies: Signficant Accounting Policeis used in preparing the Schedule of Expenditures of Federal Awards. The modified accrual basis was used to prepare the Scehdule of Expenditures for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: N/A
There were no loans or loan guarantees outstanding all year.
Title: Indirect Cost Rate
Accounting Policies: Signficant Accounting Policeis used in preparing the Schedule of Expenditures of Federal Awards. The modified accrual basis was used to prepare the Scehdule of Expenditures for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: N/A
The District has not elected to use the 10 percent de minimums indirect cost rate as allowed under the Uniform Guidance.