Notes to SEFA
Accounting Policies: THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS IS PRESENTED ON THE ACCRUAL BASIS OF ACCOUNTING. THE EXPENDITURES OF $42,954 REPORTED IN THIS SCHEDULE WERE INCURRED IN FISCAL YEAR 2023. IN ACCORDANCE WITH THE REQUIREMENTS OF ALN 27.021, THE EXPENDITURES HAVE BEEN REPORTED IN THE FISCAL YEAR 2024 WHEN THE GRANT WAS APPROVED BY THE AMERICAN RESCUE PLAN ACT.
De Minimis Rate Used: N
Rate Explanation: THE DISTRICT DID NOT ELECT TO USE THE 10% DE MINIMUS INDIRECT COST RATE AS ALLOWED UNDER UNIFORM GUIDANCE.