Notes to SEFA
Accounting Policies: THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS IS PRESENTED ON THE ACCRUAL BASIS OF ACCOUNTING. THE INFORMATION IN THE SCHEDULE IS PRESENTED IN ACCORDANCE WITH THE REQUIREMENTS OF TITLE 2 US CODE OF FEDERAL REGULATIONS PART 200, UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS. THEREFORE SOME OF THE INFORMATION PRESENTED IN THIS SCHEDULE MAY DIFFER FROM AMOUNTS PRESENTED IN, OR USED IN PREPARATION OF, THE FINANCIAL STATEMENTS. ADDITIONALLY, EXPENDITURES ARE RECOGNIZED FOLLOWINT THE COST PRINCIPLES CONTAINED IN THE UNIFORM GUIDANCE, WHEREIN CERTAIN TYPES OF EXPENDITURES ARE NOT ALLOWED OR ARE LIMITED AS TO REIMBURSEMENT.
De Minimis Rate Used: N
Rate Explanation: THE DISTRICT DID NOT ELECT TO USE THE 10% DE MINIMIS COST RATE