Notes to SEFA
Accounting Policies: Note 1. Basis of PresentationThis accompanying schedule of expenditures of federal awards (the Schedule) includes the federal awardactivity of the District under programs of the federal government for the year ended June 30, 2022. Theinformation in this Schedule is presented in accordance with the requirements of Title 2 U. S. Code ofFederal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selectedportion of operations of the District, it is not intended to and does not present the financial position, changesin net assets, or cash flows of the District.Note 2. Summary of Significant Accounting PoliciesExpenditures reported on the Schedule are reported on the regulatory basis of accounting. Suchexpenditures recognized following the cost principles contained in the Uniform Guidance, wherein certaintypes of expenditures are not allowable or are limited to reimbursement.Note 3. Indirect Cost RateThe District has elected not to use the 10-percent de minimis indirect cost rate allowed under the UniformGuidance.Note 4. Food DistributionNon-monetary assistance is reported in the schedule at the fair market value of the commodities receivedand disbursed.13
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.