Notes to SEFA
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are
recognized following, as applicable, either the cost principle in OMS Circular A-87, Cost Principles for State and Local
Governments, or the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit requirements for Federal Awards, wherein, certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10% de minimus indirect cost rate as allowed under the Uniform Guidance.