Notes to SEFA
Accounting Policies: The District’s reporting entity is fully described in Note 1 of the District's basic financial statements. The Schedule includes all federal financial assistance programs administered by the District for the year ended June 30, 2023. Federal financial assistance programs included in the Schedule are reported in the District's basic financial statements as intergovernmental revenue in the general and other governmental funds. The Schedule is presented using the accrual basis of accounting. Such expenditures are recognized following the Uniform Guidance, where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The cost rate used by the District is given and approved by the Utah State Board of Education.