Notes to SEFA
Title: Reconciliation to financial statements
Accounting Policies: The accompanying Schedule includes the Federal award activity of the District under programs of the Federal government for the year ended June 30, 2023, and is reported on the accrual basis of accounting. The information in the Schedule is presented in accordance with Uniform Guidance. Because the Schedule presents only a selected portion of the operations of the District, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the District.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
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