Notes to SEFA
Accounting Policies: Basis of Presentation - The above schedule has been prepared on the cash basis of accounting and includes all expenditures of federal awards during the fiscal year regardless of when the related federal funds were received. Federal Expenditures - Federal reimbursements for the Medical Assistance Program (MAPS) (93.778) and National School Lunch Program (10.555) are based on approved rates for services provided and are not reimbursements for specific expenditures. Therefore, this amount represents cash received rather than federal expenditures. Subrecipients - The District expended no awards to subrecipients during the year. Food Distribution - Nonmonetary assistance is reported in the schedule at fair market value of the commodities received and disbursed.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use the 10% de minimis cost rate.