Notes to SEFA
Title: NOTE 1
Accounting Policies: NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Indirect costs may be included in the reported expenditures, to the extent that they are included in the federal financial reports used as the source of data presented. The District has not elected to use the 10 percent De Minimis indirect cost rate as allowed under Uniform Guidance.
Matching costs (the District’s share of certain program costs) are not included in the reported expenditures.
The basis of accounting varies by federal program consistent with the underlying regulations pertaining to each program.
The amounts reported as federal expenditures were obtained from the federal financial reports for the applicable program and periods. The amounts reported in these reports are prepared from records maintained for each program, which are reconciled with the District’s financial reporting system.
De Minimis Rate Used: N
Rate Explanation: NO DE MINIMIS
NOTE 1
Title: NOTE 2
Accounting Policies: NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Indirect costs may be included in the reported expenditures, to the extent that they are included in the federal financial reports used as the source of data presented. The District has not elected to use the 10 percent De Minimis indirect cost rate as allowed under Uniform Guidance.
Matching costs (the District’s share of certain program costs) are not included in the reported expenditures.
The basis of accounting varies by federal program consistent with the underlying regulations pertaining to each program.
The amounts reported as federal expenditures were obtained from the federal financial reports for the applicable program and periods. The amounts reported in these reports are prepared from records maintained for each program, which are reconciled with the District’s financial reporting system.
De Minimis Rate Used: N
Rate Explanation: NO DE MINIMIS
NOTE 2
Title: NOTE 3
Accounting Policies: NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Indirect costs may be included in the reported expenditures, to the extent that they are included in the federal financial reports used as the source of data presented. The District has not elected to use the 10 percent De Minimis indirect cost rate as allowed under Uniform Guidance.
Matching costs (the District’s share of certain program costs) are not included in the reported expenditures.
The basis of accounting varies by federal program consistent with the underlying regulations pertaining to each program.
The amounts reported as federal expenditures were obtained from the federal financial reports for the applicable program and periods. The amounts reported in these reports are prepared from records maintained for each program, which are reconciled with the District’s financial reporting system.
De Minimis Rate Used: N
Rate Explanation: NO DE MINIMIS
NOTE 3
Title: NOTE 4
Accounting Policies: NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Indirect costs may be included in the reported expenditures, to the extent that they are included in the federal financial reports used as the source of data presented. The District has not elected to use the 10 percent De Minimis indirect cost rate as allowed under Uniform Guidance.
Matching costs (the District’s share of certain program costs) are not included in the reported expenditures.
The basis of accounting varies by federal program consistent with the underlying regulations pertaining to each program.
The amounts reported as federal expenditures were obtained from the federal financial reports for the applicable program and periods. The amounts reported in these reports are prepared from records maintained for each program, which are reconciled with the District’s financial reporting system.
De Minimis Rate Used: N
Rate Explanation: NO DE MINIMIS
NOTE 4