Notes to SEFA
Accounting Policies: 1) THIS SCHEDULE INCLUDES THE FEDERAL AWARD ACTIVITY OF THE DISTRICT UNDER PROGRAMS OF THE FEDERAL GOVERNMENT FOR THE YEAR ENDED SEPTEMBER 30, 2022. THE INFORMATION IN THIS SCHEDULE IS PRESENTED IN ACCORDANCE WITH THE REQUIREMENTS OF TITLE 2 U.S. CODE OF FEDERAL REGULATIONS PART 200, UNIFORM ADMINISTRATIVE REQUIREMENT, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS (UNIFORM GUIDANCE). BECAUSE THE SCHEDULE PRESENTS ON A SELECTED PORTION OF THE OPERATIONS OF THE DISTRICT, IT IS NOT INTENDED TO AND DOES NOT PRESENT THE FINANCIAL POSITION, OR CHANGES IN NET ASSETS OF THE DISTRICT. 2) BASIS OF ACCOUNTING: THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS INCLUDES THE FEDERAL AWARDS INCLUDES THE FEDERAL GRANT ACTIVITY OF THE DISTRICT AND IS PRESENTED ON THE MODIFIED-ACCRUAL BASIS OF ACCOUNTING. DIFFERENCES BETWEEN THE GRANTING-AGENCY BASIS OF ACCOUNTING AND BASIS OF ACCOUNTING USED BY THE DISTRICT IN PREPARING ITS FINANCIAL FUND STATEMENTS MAY OCCUR.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.