Notes to SEFA
Title: Note 1
Accounting Policies: Schedule is prepared on the modified accrual basis of accounting except for the food distribution commodities received which are at fair value.
De Minimis Rate Used: N
Rate Explanation: The district's federal programs generally do not utilize the 10% deminimus cost rate.
Schedule is prepared on the modified accrual basis of accounting except for the food distribution commodities received which are at fair value.
Title: Note 2
Accounting Policies: Schedule is prepared on the modified accrual basis of accounting except for the food distribution commodities received which are at fair value.
De Minimis Rate Used: N
Rate Explanation: The district's federal programs generally do not utilize the 10% deminimus cost rate.
The district does not have any significant subrecipients or indirect cost recovery.
Title: Note 3
Accounting Policies: Schedule is prepared on the modified accrual basis of accounting except for the food distribution commodities received which are at fair value.
De Minimis Rate Used: N
Rate Explanation: The district's federal programs generally do not utilize the 10% deminimus cost rate.
The district's federal programs generally do not utilize the 10% deminimus cost rate.