Notes to SEFA
Title: Accounting Policy
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is a summary of the activity of the District's federal award
programs 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 (Uniform Guidance). Therefore,
some amounts presented in this schedule may differ from amounts presented in the basic financial statements, which are presented
in conformity with accounting principles generally accepted in the United States of America.
De Minimis Rate Used: N
Rate Explanation: The District did not use the 10 percent de minimis indirect cost rate.
The accompanying Schedule of Expenditures of Federal Awards is a summary of the activity of the District's federal award
programs 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 (Uniform Guidance). Therefore,
some amounts presented in this schedule may differ from amounts presented in the basic financial statements, which are presented
in conformity with accounting principles generally accepted in the United States of America.
Title: Indirect Rate
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is a summary of the activity of the District's federal award
programs 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 (Uniform Guidance). Therefore,
some amounts presented in this schedule may differ from amounts presented in the basic financial statements, which are presented
in conformity with accounting principles generally accepted in the United States of America.
De Minimis Rate Used: N
Rate Explanation: The District did not use the 10 percent de minimis indirect cost rate.
The District did not use the 10 percent de minimis indirect cost rate for the year ended November 30, 2024.
Title: Property and Equipment
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is a summary of the activity of the District's federal award
programs 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 (Uniform Guidance). Therefore,
some amounts presented in this schedule may differ from amounts presented in the basic financial statements, which are presented
in conformity with accounting principles generally accepted in the United States of America.
De Minimis Rate Used: N
Rate Explanation: The District did not use the 10 percent de minimis indirect cost rate.
Property and equipment purchases that are presented as expenditures in the Schedule of Expenditures of Federal Awards may be capitalized by the District for presentation in the basic financial statements.
Title: Sub-recipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is a summary of the activity of the District's federal award
programs 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 (Uniform Guidance). Therefore,
some amounts presented in this schedule may differ from amounts presented in the basic financial statements, which are presented
in conformity with accounting principles generally accepted in the United States of America.
De Minimis Rate Used: N
Rate Explanation: The District did not use the 10 percent de minimis indirect cost rate.
There were no sub-recipients for the year ended November 30, 2024.