Notes to SEFA
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual 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 minimis 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 minimis indirect cost rate as allowed under Uniform Guidance.