Notes to SEFA
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting.Such expenditures are recognized following the cost principles contained in the UniformGuidance, wherein certain types of expenditures are not allowed or are limited as toreimbursement. Negative amounts shown on the schedule represent adjustments or credits madein the normal course of business to amounts reported as expenditures in prior years. The Districthas elected not to use the 10 percent de minimis indirect cost rate as allowed under UniformGuidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.