Notes to SEFA
Accounting Policies: Expenditures reported in the Schedule are reported on the 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.
De Minimis Rate Used: N
Rate Explanation: The District has a restricted indirect cost rate that is used for its federal programs and did not use the 10%
de Minimis indirect cost rate as allowed under the Uniform Guidance and covered in 2 CFR Part 200.414.