Notes to SEFA
Title: Schedule of Expenditures of Federal Awards
Accounting Policies: The schedule of expenditures of Federal awards includes the Federal grant activity of the District and is presented on
the modified accrual basis of accounting. The information in this schedule is presented in accordance with the
requirements of the Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements,
Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule
may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not
elect to use the ten percent de minimis indirect cost rate.
The schedule of expenditures of Federal awards includes the Federal grant activity of the District
and is presented on the modified accrual basis of accounting. The information in this schedule is
presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations (CFR)
Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal
Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or
used in the preparation of the financial statements. The District did not elect to use the ten
percent de minimis indirect cost rate.
The following schedule 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.