Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Mountain View Fire Protection District has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform
Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Mountain View Fire Protection District under programs of the federal government for the year ended December 31, 2023. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Mountain View Fire Protection District, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Mountain View Fire Protection District.
Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Mountain View Fire Protection District has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform
Guidance.
This schedule includes the federal awards activity of Mountain View Fire Protection District. and is presented
on the accrual basis of accounting. The information in this schedule is presented in accordance with the
requirement of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from
amounts presented in, or used in the preparation of, the basic financial statements.
Title: Indirect Cost Rate
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Mountain View Fire Protection District has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform
Guidance.
Mountain View Fire Protection District has elected not to use the 10% de minimus indirect cost rate allowed
under the Uniform Guidance.