Notes to SEFA
Title: Pass Through Funds
Accounting Policies: This schedule is presented on the accrual basis of accounting. The information in this schedule is
presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) 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, or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use the 10 percent de minimis cost rate as allowed under the Uniform
Guidance.
The District did not pass through any funds to subrecipients.
Title: Disaster Grants - Public Assistance Funds
Accounting Policies: This schedule is presented on the accrual basis of accounting. The information in this schedule is
presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) 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, or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use the 10 percent de minimis cost rate as allowed under the Uniform
Guidance.
The District received a total of $69,023 and recognized deferred revenue of $453,875 in federal Disaster
Grants - Public Assistance funding during the year ended December 31, 2024. Per program guidance,
expenditures are reported on the schedule of expenditures of federal awards (SEFA) when the project
has been approved by FEMA and the expenditures have been incurred. The expenditures reported on
the 2024 SEFA for this grant include $363,711 of payroll, equipment, materials, and contractor
expenditures incurred in the year ended December 31, 2024, that were approved by FEMA during the
year ended December 31, 2024. As of December 31, 2024, the District has received $461,291 of grant
funding for projects that have not been completed and approved by FEMA and are therefore not reported
on the SEFA for the year ended December 31, 2024. These funds are included in deferred revenue as of
December 31, 2024.