Notes to SEFA
Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the full accrual basis of accounting used by the District in preparation of the government wide financial statements that report these awards. The accounting policies of the District conform to accounting principles generally accepted in the United States of America as applicable to governmental units. The preparation of the Schedule of Expenditures of Federal Awards in conformity with accounting principles generally accepted in the United States of America requires management to make certain assumptions that affect the reported amounts of expenditures during the reporting period. Actual results could differ from those estimates.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.