Notes to SEFA
Title: Note A
Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the full accrual basis of accounting used by the District in its preparation of its financial statements.
De Minimis Rate Used: Y
Rate Explanation: The District elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Scope of Audit - The audit was performed pursuant to the Single Audit Act of 1996 and the Uniform Guidance.
Title: Note B
Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the full accrual basis of accounting used by the District in its preparation of its financial statements.
De Minimis Rate Used: Y
Rate Explanation: The District elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Expenditures reported in the Schedule of Expenditures of Federal Awards cannot be traced directly to the expenses reported in the District’s Annual Comprehensive Financial Report (ACFR), which is bound separately. According to the 2023 Compliance Supplement, nonfederal entities must record expenditures on the Schedule of Expenditures of Federal Awards (SEFA) when (1) FEMA has approved the nonfederal entity’s PW and (2) the nonfederal entity has incurred the eligible expenditures. The District’s 2023 SEFA contains $6,042,644 of expenditures which were incurred and reported in 2020, 2021, and 2022, but were not obligated by FEMA until 2023 and are therefore included in this year’s SEFA.