Notes to SEFA
Title: Schedule of Expenditures of Federal Awards
Accounting Policies: Expenditures reported on the schedule are reported on the modified basis of accounting. Such expenditures are recognized following the cosst principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbrusement.
De Minimis Rate Used: N
Rate Explanation: The District uses a lower state mandated indirect cost rate.
This schedule includes the federal award activity of the District under programs of the federal government for the year ended June 30, 2024. 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 Requirements, Cost Principles, and Audit Requirements for Federal Awards (the Uniform Guidance). Expenditures reported on this 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 allowable or are limited as to reimbursement.