Notes to SEFA
Title: Relationship to the Federal Financial Statements
Accounting Policies: The accompanying schedule is presented using the modified cash basis of accounting, ehich is dscribed in Note 1 to the district's financial statements.
De Minimis Rate Used: N
Rate Explanation: The district has elected not to use the 10% de minimis indirect cost rate.
Amounts reported in the accompanying schedule agree with the amounts reported in the related fideral financial reports and indicate amounts due to the district as of June 30, 2024 from each related federal program.
Title: Non-cash Programs
Accounting Policies: The accompanying schedule is presented using the modified cash basis of accounting, ehich is dscribed in Note 1 to the district's financial statements.
De Minimis Rate Used: N
Rate Explanation: The district has elected not to use the 10% de minimis indirect cost rate.
The commodities received which are noncash revenues, are valued using prices provided by the United States Department of Agriculture. At June 30, 2024, the district had food commodities total ing $0 in inventory.
Title: Subrecipients
Accounting Policies: The accompanying schedule is presented using the modified cash basis of accounting, ehich is dscribed in Note 1 to the district's financial statements.
De Minimis Rate Used: N
Rate Explanation: The district has elected not to use the 10% de minimis indirect cost rate.
The district did not provide funds to subrecipients during the year.