Notes to SEFA
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in Uniform Guidance wherein
certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through
entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The School District has elected not to use the 10% de Minimis indirect cost rate for the year ended
June 30, 2024.