Notes to SEFA
Title: Note 2 - Federal Assistance Reconciliation
Accounting Policies: Note 1 - Significant accounting policies used in preparing the schedule
The expenditures included in Schedule E are reported for the District’s fiscal year. Expenditure reports to funding agencies
are prepared on the award period basis. The expenditures reported on Schedule E represent funds that have been expended by the District for the purposes of the award. The expenditures reported on Schedule E may not have been reimbursed by the funding agencies as of the end of the fiscal year. Separate accounts are maintained for the different awards to aid in the
observance of limitations and restrictions imposed by the funding agencies. The District has followed all applicable guidelines issued by various entities in the preparation of the schedule. The District did not use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: See Note 1, last sentence.
See notes to SEFA for table/chart.