Notes to SEFA
Title: MATCHING COSTS
Accounting Policies: The Schedule is presented using generally accepted accounting principles, as described in the District’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: Indirect costs are included in the reported expenditures to the extent they are included in the financial reports used as the source for the expenditures presented.
The District did not elect to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Matching costs, i.e., the District’s share of certain program costs, are not included in the reported expenditures.
Title: SUBRECIPIENTS
Accounting Policies: The Schedule is presented using generally accepted accounting principles, as described in the District’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: Indirect costs are included in the reported expenditures to the extent they are included in the financial reports used as the source for the expenditures presented.
The District did not elect to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
No amounts were provided to subrecipients.
Title: NON MONETARY ASSISTANCE
Accounting Policies: The Schedule is presented using generally accepted accounting principles, as described in the District’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: Indirect costs are included in the reported expenditures to the extent they are included in the financial reports used as the source for the expenditures presented.
The District did not elect to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The District is the recipient of a federal financial award program that does not result in cash receipts or disbursements termed a non-monetary program. During the year ended June 30, 2024, the District received food commodities, the fair value of which amounted to $62,150 is presented in the Schedule as National School Lunch Program (Assistance Listing No. 10.555).