Notes to SEFA
Accounting Policies: The District's SEFA is presented using the accrual basis of accounting, as described in Note 1 of the District's financial statements for the year ended 9/30/2024. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use the 10 percent de minimus indirect cost as allowed under UG.