Notes to SEFA
Title: Basis Of Accounting
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) presents the activity of all Federal financial assistance programs of DDRB. The information in this Schedule 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 the Schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: DDRB has not elected to use the 10% de minimis indirect cost rate as allowed by the Uniform Guidance, Section 414.
The accompanying Schedule is presented using the accrual basis of accounting which is described in Note 2 to DDRB’s financial statements.