Notes to SEFA
Title: NOTE 1
Accounting Policies: EXPENDITURES REPORTED ON THE SCHEDULE ARE REPORTED ON THE MODIFIED ACCRUAL BASIS OF ACCOUNTING. SUCH EXPENDITURES ARE RECOGNIZED FOLLOWING THE COST PRINCIPLES CONTAINED IN THE UNIFORM GUIDANCE, WHEREIN CERTAIN TYPES OF EXPENDITURES ARE NOT ALLOWABLE OR ARE LIMITED AS TO REIMBURSEMENT. INDIRECT COSTS MAY BE INCLUDED IN THE REPORTED EXPENDITURES, TO THE EXTENT THAT THEY ARE INCLUDED IN THE FEDERAL FINANCIAL REPORTS USED AS THE SOURCE OF DATA PRESENTED. THE DISTRICT HAS NOT ELECTED TO USE THE 10 PERCENT DE MINIMIS INDIRECT COST RATE AS ALLOWED UNDER UNIFORM GUIDANCE. MATCHING COSTS (THE DISTRICT'S SHARE OF CERTAIN PROGRAM COSTS) ARE NOT INCLUDED IN THE REPORTED EXPENDITURES. THE BASIS OF ACCOUNTING VARIES BY FEDERAL PROGRAM CONSISTENT WITH THE UNDERLYING REGULATIONS PERTAINING TO EACH PROGRAM. THE AMOUNTS REPORTED AS FEDERAL EXPENDITURES WERE OBTAINED FROM FEDERAL FINANCIAL REPORTS FOR THE APPLICABLE PROGRAM AND PERIODS. THE AMOUNTS REPORTED ARE PREPARED FROM RECORDS MAINTAINED FOR EACH PROGRAM, WHICH ARE RECONCILED WITH DISTRICT'S FINANCIAL REPORTING SYSTEM.
De Minimis Rate Used: N
Rate Explanation: THE DISTRICT HAS NOT ELECTED TO USE THE 10 PERCENT DE MINIMIS COST RATE AS ALLOWED UNDER UNIFORM GUIDANCE.
The accompanying schedule of expenditures of federal awards presents the activity of all federal awards programs administered by the District, an entity as defined in Note 1 to the District’s basic financial statements. Federal awards received directly from federal agencies, as well as federal awards passed through from other government agencies, are included on the schedule of expenditures of federal awards. The information is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
Title: NOTE 2
Accounting Policies: EXPENDITURES REPORTED ON THE SCHEDULE ARE REPORTED ON THE MODIFIED ACCRUAL BASIS OF ACCOUNTING. SUCH EXPENDITURES ARE RECOGNIZED FOLLOWING THE COST PRINCIPLES CONTAINED IN THE UNIFORM GUIDANCE, WHEREIN CERTAIN TYPES OF EXPENDITURES ARE NOT ALLOWABLE OR ARE LIMITED AS TO REIMBURSEMENT. INDIRECT COSTS MAY BE INCLUDED IN THE REPORTED EXPENDITURES, TO THE EXTENT THAT THEY ARE INCLUDED IN THE FEDERAL FINANCIAL REPORTS USED AS THE SOURCE OF DATA PRESENTED. THE DISTRICT HAS NOT ELECTED TO USE THE 10 PERCENT DE MINIMIS INDIRECT COST RATE AS ALLOWED UNDER UNIFORM GUIDANCE. MATCHING COSTS (THE DISTRICT'S SHARE OF CERTAIN PROGRAM COSTS) ARE NOT INCLUDED IN THE REPORTED EXPENDITURES. THE BASIS OF ACCOUNTING VARIES BY FEDERAL PROGRAM CONSISTENT WITH THE UNDERLYING REGULATIONS PERTAINING TO EACH PROGRAM. THE AMOUNTS REPORTED AS FEDERAL EXPENDITURES WERE OBTAINED FROM FEDERAL FINANCIAL REPORTS FOR THE APPLICABLE PROGRAM AND PERIODS. THE AMOUNTS REPORTED ARE PREPARED FROM RECORDS MAINTAINED FOR EACH PROGRAM, WHICH ARE RECONCILED WITH DISTRICT'S FINANCIAL REPORTING SYSTEM.
De Minimis Rate Used: N
Rate Explanation: THE DISTRICT HAS NOT ELECTED TO USE THE 10 PERCENT DE MINIMIS COST RATE AS ALLOWED UNDER UNIFORM GUIDANCE.
EXPENDITURES REPORTED ON THE SCHEDULE ARE REPORTED ON THE MODIFIED ACCRUAL BASIS OF ACCOUNTING. SUCH EXPENDITURES ARE RECOGNIZED FOLLOWING THE COST PRINCIPLES CONTAINED IN THE UNIFORM GUIDANCE, WHEREIN CERTAIN TYPES OF EXPENDITURES ARE NOT ALLOWABLE OR ARE LIMITED AS TO REIMBURSEMENT. INDIRECT COSTS MAY BE INCLUDED IN THE REPORTED EXPENDITURES, TO THE EXTENT THAT THEY ARE INCLUDED IN THE FEDERAL FINANCIAL REPORTS USED AS THE SOURCE OF DATA PRESENTED. THE DISTRICT HAS NOT ELECTED TO USE THE 10 PERCENT DE MINIMIS INDIRECT COST RATE AS ALLOWED UNDER UNIFORM GUIDANCE. MATCHING COSTS (THE DISTRICT'S SHARE OF CERTAIN PROGRAM COSTS) ARE NOT INCLUDED IN THE REPORTED EXPENDITURES. THE BASIS OF ACCOUNTING VARIES BY FEDERAL PROGRAM CONSISTENT WITH THE UNDERLYING REGULATIONS PERTAINING TO EACH PROGRAM. THE AMOUNTS REPORTED AS FEDERAL EXPENDITURES WERE OBTAINED FROM FEDERAL FINANCIAL REPORTS FOR THE APPLICABLE PROGRAM AND PERIODS. THE AMOUNTS REPORTED ARE PREPARED FROM RECORDS MAINTAINED FOR EACH PROGRAM, WHICH ARE RECONCILED WITH DISTRICT'S FINANCIAL REPORTING SYSTEM.
Title: NOTE 3
Accounting Policies: EXPENDITURES REPORTED ON THE SCHEDULE ARE REPORTED ON THE MODIFIED ACCRUAL BASIS OF ACCOUNTING. SUCH EXPENDITURES ARE RECOGNIZED FOLLOWING THE COST PRINCIPLES CONTAINED IN THE UNIFORM GUIDANCE, WHEREIN CERTAIN TYPES OF EXPENDITURES ARE NOT ALLOWABLE OR ARE LIMITED AS TO REIMBURSEMENT. INDIRECT COSTS MAY BE INCLUDED IN THE REPORTED EXPENDITURES, TO THE EXTENT THAT THEY ARE INCLUDED IN THE FEDERAL FINANCIAL REPORTS USED AS THE SOURCE OF DATA PRESENTED. THE DISTRICT HAS NOT ELECTED TO USE THE 10 PERCENT DE MINIMIS INDIRECT COST RATE AS ALLOWED UNDER UNIFORM GUIDANCE. MATCHING COSTS (THE DISTRICT'S SHARE OF CERTAIN PROGRAM COSTS) ARE NOT INCLUDED IN THE REPORTED EXPENDITURES. THE BASIS OF ACCOUNTING VARIES BY FEDERAL PROGRAM CONSISTENT WITH THE UNDERLYING REGULATIONS PERTAINING TO EACH PROGRAM. THE AMOUNTS REPORTED AS FEDERAL EXPENDITURES WERE OBTAINED FROM FEDERAL FINANCIAL REPORTS FOR THE APPLICABLE PROGRAM AND PERIODS. THE AMOUNTS REPORTED ARE PREPARED FROM RECORDS MAINTAINED FOR EACH PROGRAM, WHICH ARE RECONCILED WITH DISTRICT'S FINANCIAL REPORTING SYSTEM.
De Minimis Rate Used: N
Rate Explanation: THE DISTRICT HAS NOT ELECTED TO USE THE 10 PERCENT DE MINIMIS COST RATE AS ALLOWED UNDER UNIFORM GUIDANCE.
There were no subrecipients.
Title: NOTE 4
Accounting Policies: EXPENDITURES REPORTED ON THE SCHEDULE ARE REPORTED ON THE MODIFIED ACCRUAL BASIS OF ACCOUNTING. SUCH EXPENDITURES ARE RECOGNIZED FOLLOWING THE COST PRINCIPLES CONTAINED IN THE UNIFORM GUIDANCE, WHEREIN CERTAIN TYPES OF EXPENDITURES ARE NOT ALLOWABLE OR ARE LIMITED AS TO REIMBURSEMENT. INDIRECT COSTS MAY BE INCLUDED IN THE REPORTED EXPENDITURES, TO THE EXTENT THAT THEY ARE INCLUDED IN THE FEDERAL FINANCIAL REPORTS USED AS THE SOURCE OF DATA PRESENTED. THE DISTRICT HAS NOT ELECTED TO USE THE 10 PERCENT DE MINIMIS INDIRECT COST RATE AS ALLOWED UNDER UNIFORM GUIDANCE. MATCHING COSTS (THE DISTRICT'S SHARE OF CERTAIN PROGRAM COSTS) ARE NOT INCLUDED IN THE REPORTED EXPENDITURES. THE BASIS OF ACCOUNTING VARIES BY FEDERAL PROGRAM CONSISTENT WITH THE UNDERLYING REGULATIONS PERTAINING TO EACH PROGRAM. THE AMOUNTS REPORTED AS FEDERAL EXPENDITURES WERE OBTAINED FROM FEDERAL FINANCIAL REPORTS FOR THE APPLICABLE PROGRAM AND PERIODS. THE AMOUNTS REPORTED ARE PREPARED FROM RECORDS MAINTAINED FOR EACH PROGRAM, WHICH ARE RECONCILED WITH DISTRICT'S FINANCIAL REPORTING SYSTEM.
De Minimis Rate Used: N
Rate Explanation: THE DISTRICT HAS NOT ELECTED TO USE THE 10 PERCENT DE MINIMIS COST RATE AS ALLOWED UNDER UNIFORM GUIDANCE.
No insurance is carried specifically to cover equipment purchased with federal funds. Any equipment purchased with federal funds has only a nominal value and is covered by the District’s casualty insurance policies. Nonmonertary assistance is reported in the schedule at fair market value of the commodities received and disbursed. At june 30, 2024 the District had food commodities totaling $525 in inventory.