Notes to SEFA
Accounting Policies: NOTE A - BASIS OF ACCOUNTING
The accompanying schedule of expenditures of federal awards is presented using the
modified accrual basis of accounting, which is described in Note A to the School District’s
basic financial statements.
NOTE B - FEDERAL EXPENDITURES
The schedule of expenditures of federal awards reflects federal expenditures for all individual
grants, which were active during the fiscal year.
NOTE C - DONATED FOODS
Donated foods were valued according to cost estimates provided by the U.S.D.A.
De Minimis Rate Used: N
Rate Explanation: The School has not elected to use the 10% de minimis indirect cost rate as allowed under
the Uniform Guidance, Section 414.