Notes to SEFA
Title: NOTE A -- BASIS OF PRESENTATION
Accounting Policies: Federal expenditures are recorded on the accrual basis of accounting, which records expenses when the
goods or services are received, and not necessarily when paid.
De Minimis Rate Used: N
Rate Explanation: NONE
Federal expenditures are recorded on the accrual basis of accounting, which records expenses when the
goods or services are received, and not necessarily when paid.
Title: NOTE B --INDIRECT COST RATE
Accounting Policies: Federal expenditures are recorded on the accrual basis of accounting, which records expenses when the
goods or services are received, and not necessarily when paid.
De Minimis Rate Used: N
Rate Explanation: NONE
Unified School District #445 did not elect to use the 10% de minimis cost rate.