Notes to SEFA
Title: Note
Accounting Policies: The schedule of expenditures of federal awards was prepared in conformity with generally accepted accounting principles. See Note 1 of the accompanying financial statements for further details.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The schedule of expenditures of federal awards was prepared in conformity with generally accepted accounting principles. See Note 1 of the accompanying financial statements for further details. Furthermore, the Grant Parish School Board has used the 10% de minimis indirect cost rate.