Notes to SEFA
Accounting Policies: SCOPE OF THIS SCHEDULE The schedule of expenditures of federal awards reflects federal expenditures for all individual grants which were active during the fiscal year. BASIS OF ACCOUNTING The School uses the modified accrual method of recording transactions. Revenues are recorded when measurable and available. Expenditures are recorded when incurred.
De Minimis Rate Used: N
Rate Explanation: INDIRECT COST RATE The School has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.