Title: Basis of Presentation
Accounting Policies: See Notes
De Minimis Rate Used: N
Rate Explanation: The District does not use an indirect cost rate.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Central
Title: Basis of Presentation
Accounting Policies: See Notes
De Minimis Rate Used: N
Rate Explanation: The District does not use an indirect cost rate.
Independent School District (District). The information in the Schedule is presented in accordance with the requirements of Title
Title: Basis of Presentation
Accounting Policies: See Notes
De Minimis Rate Used: N
Rate Explanation: The District does not use an indirect cost rate.
2 U.S. Code of Federal Regulations Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for
Title: Basis of Presentation
Accounting Policies: See Notes
De Minimis Rate Used: N
Rate Explanation: The District does not use an indirect cost rate.
Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the District, it is
Title: Basis of Presentation
Accounting Policies: See Notes
De Minimis Rate Used: N
Rate Explanation: The District does not use an indirect cost rate.
not intended to and does not present the financial position or changes in net position of the District. Therefore, some amounts
Title: Basis of Presentation
Accounting Policies: See Notes
De Minimis Rate Used: N
Rate Explanation: The District does not use an indirect cost rate.
may differ from amounts presented in, or used in the preparation of the financial statements.
Title: Summary of Significant accounting policies
Accounting Policies: See Notes
De Minimis Rate Used: N
Rate Explanation: The District does not use an indirect cost rate.
Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. These expenditures are
Title: Summary of Significant accounting policies
Accounting Policies: See Notes
De Minimis Rate Used: N
Rate Explanation: The District does not use an indirect cost rate.
recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not
Title: Summary of Significant accounting policies
Accounting Policies: See Notes
De Minimis Rate Used: N
Rate Explanation: The District does not use an indirect cost rate.
allowable or are limited as to reimbursement. Negative amounts shown on the Schedule, if any, represent adjustments or credits
Title: Summary of Significant accounting policies
Accounting Policies: See Notes
De Minimis Rate Used: N
Rate Explanation: The District does not use an indirect cost rate.
made in the normal course of business to amounts reported as expenditures in prior years.