Notes to SEFA
Title: Note 1 Basis of Presentation
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following 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. 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 consisten 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: The District has not elected to use the 10 percent De Minimis indirect cost rate as allowed under the Uniform Guidance
The accompanying schedule of expenditures of federal awards presents the activity of federal award programs administered by the District, which is described in Note 1 to the District’s accompanying financial statements, using the modified accrual basis of accounting. Federal awards that are passed through from other government agencies, as well as federal awards that are passed through from other government agencies. The information is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
Title: Note 3 Subrecipients
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following 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. 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 consisten 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: The District has not elected to use the 10 percent De Minimis indirect cost rate as allowed under the Uniform Guidance
There were no subrecipients.
Title: Note 4 Other Disclosures
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following 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. 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 consisten 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: The District has not elected to use the 10 percent De Minimis indirect cost rate as allowed under the Uniform Guidance
No insurance is carried specifically to cover equipment purchased with federal funds. Any equipment purchased with federal funds has only a nominal value and is covered by the District’s casualty insurance policies. Nonmonetary assistance is reported in the schedule at fair market value of the commodities received and disbursed.