Notes to SEFA
Accounting Policies: Expenditures reported on the Schedule are reported on the auditing standards generally accepted in the UnitedStates of America basis of accounting. Such expenditures are recognized following the cost principles contained inthe Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of businessto amounts reported as expenditures in prior years. The School District has elected not to use the 10?percent deminimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.