Notes to SEFA
Title: NOTE 3 - PROGRAM COSTS
Accounting Policies: NOTE 1 - BASIS OF ACCOUNTING
This schedule is prepared on the same basis of accounting as the District's financial statements. The District uses the modified accrual basis for all governmental funds represented on this schedule.
De Minimis Rate Used: N
Rate Explanation: NOTE 2 - FEDERAL INDIRECT COST RATE
The District has not elected to use the 10 - percent de minis indirect cost rate allowed under the Uniform Guidance.
The amounts shown as current year expenditures represent only federal grant portion of the program costs. Entire program costs, including the District’s portion, are more than shown. Such expenditures are recognized following, as applicable, either the cost principles in the OMB Circular A-87, Cost Principles for State, Local. and Indian Tribal Governments, or the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.