Notes to SEFA
Title: Note 4 - Subrecipients
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. Negative amounts shown on the schedule represent adjustments or credits made
in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use the 10% de minimis cost rate.
Of the federal expenditures presented in the Schedule, the District had no subrecipients that were provided federal awards.