Notes to SEFA
Title: Significant Accounting Policies used in preparing the Schedule of Expenditure of Federal Awards.
Accounting Policies: The modified accrual basis was used to prepare the Schedule of Expenditures of Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use the 10% de minimis indirect cost rate.
The modified accrual basis was used to prepare the Schedule of Expenditures of Federal Awards.
Title: Insurance Requirements.
Accounting Policies: The modified accrual basis was used to prepare the Schedule of Expenditures of Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use the 10% de minimis indirect cost rate.
There are no insurance requirements on the federal awards disclosed on the Schedule of Expenditures of Federal Awards.
Title: Loans or Loan Guarantees.
Accounting Policies: The modified accrual basis was used to prepare the Schedule of Expenditures of Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use the 10% de minimis indirect cost rate.
There were no loans or loan guarantees outstanding at year end.
Title: De Minimis Indirect Rate.
Accounting Policies: The modified accrual basis was used to prepare the Schedule of Expenditures of Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use the 10% de minimis indirect cost rate.
The District did not elect to use the 10% de minimis indirect cost rate.