Notes to SEFA
Accounting Policies: Federal grant funds are considered to be expended as purchases are made under the provisions of the
grant, and accordingly, may be in advance of the reimbursements received.
Federal expenditures are recorded when expenses are incurred, not when advances from loan proceeds
are made.
De Minimis Rate Used: N
Rate Explanation: The District has not elected to use the 10% de minimis indirect cost rate as allowed by Uniform
Guidance.