Notes to SEFA
Title: Note 2 - Program Costs
Accounting Policies: Note 1 -This report is presented on the same basis of accounting as the District's Financial Statements. The District uses the accrual basis of accounting.
De Minimis Rate Used: Y
Rate Explanation: Note 3 - The District has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. In 2023, there were no expenditures for indirect costs.
The amount shown as current year expenditures represent only the federal grant portion of the program costs. Entire program costs, including the Districts portion, are more than shown.
Title: Note 4 - FEMA Disaster Assistance
Accounting Policies: Note 1 -This report is presented on the same basis of accounting as the District's Financial Statements. The District uses the accrual basis of accounting.
De Minimis Rate Used: Y
Rate Explanation: Note 3 - The District has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. In 2023, there were no expenditures for indirect costs.
The amount included as current year expenditures for FEMA disaster assistance was incurred in a prior year.