Notes to SEFA
Accounting Policies: Expenditures reported on the schedule are reported on the modified basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance,
wherein certain types of expenditures are not allowed 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. The District has elected not
to use the 10 percent de minimus indirect cost rate as allowed under Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The District has elected not
to use the 10 percent de minimus indirect cost rate as allowed under Uniform Guidance.