Notes to SEFA
Title: Note 2 - Reconciliation of Federal Expenditures per the SEFA to the Basic Financial Statements
Accounting Policies: Note 1 - Basis of Presentation
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the
District under programs of the federal government for the year ended August 31, 2024. The information in this schedule is
presented in accordance with the requirements of the Office of Management and Budget (OMB) Uniform Guidance.
Because the schedule presents only a selected portion of the operations of the District, it is not intended to and does not
present the financial position, changes in net position or cash flows of the District.
De Minimis Rate Used: N
Rate Explanation: Note 3 - De Minimis Indirect Cost Rate
Although 2 CFR 200.414 allows entity to use the 10% de minimis indirect cost rate, the District uses the indirect cost rate
negotiated through the Texas Education Agency and did not use the de minimis rate.
See notes to SEFA for chart/table.