Notes to SEFA
Accounting Policies: U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards ("Uniform Guidance") and State of Wisconsin Single Audit Guidelines. Because
the schedules present only a selected portion of the operations of the District, it is not intended to, and does not,
present the financial position, changes in net position, or cash flows of the District. Expenditures reported on the
schedules are reported on the accrual basis of accounting. Such expenditures are recognized following the cost
principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are
limited as to reimbursement. Negative amounts shown on the schedules represent adjustments or credits made
in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The District has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform
Guidance.