Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented in accordance with
the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards, using 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 allowable or
are limited as to reimbursement. Therefore, some amounts presented in this schedule may differ
from amounts presented in the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District does not charge the 10% de minimis indirect cost rate allowed under the Uniform
Guidance