Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using the modified accrual basis of accounting, which is described in Note A to the School District's basic financial statements. The schedule of expenditures of federal awards reflects federal expenditures for all individual grants, which were active during the fiscal year. Donated foods were valued according to cost estimates provided by the U.S.D.A.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.