Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Solvang ElementarySchool District and is presented on the modified accrual basis of accounting. The information in this schedule ispresented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, UniformAdministrative Requirements, Cost Principles for Federal Awards (Uniform Guidance), therefore, some amountspresented in this schedule may differ from amounts presented in, or used in the preparation of the basic financialstatements. The District has not elected to use the ten percent de minimus cost rate as covered in Section 200.414Indirect (F&A) costs of the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.