Notes to SEFA
Title: Schedule of Expenditures of Federal Awards
Accounting Policies: Modified accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10-
percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards includes federal grant activity of the
District and is presented under the modified accrual basis of accounting. Title 2 U.S. Code of Federal
Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements
of Federal Awards (Uniform Guidance) requires a disclosure of the financial activities of all federally
funded programs. This schedule was prepared to comply with the Uniform Guidance and state
requirements. Therefore, some amounts presented in this schedule may differ from amounts used in the
preparation of the general purpose financial statements. The District has elected not to use the 10-
percent de minimis indirect cost rate allowed under the Uniform Guidance.
The schedule on the following page provides a reconciliation between revenues reported on the
Statement of Revenues, Expenditures, and Changes in Fund Balances, and the related expenditures
reported on the Schedule of Expenditures of Federal Awards.