Notes to SEFA
Title: Note A
Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the full accrual basis of accounting used by the District in its preparation of its financial statements.
De Minimis Rate Used: Y
Rate Explanation: The District elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Scope of Audit - The audit was performed pursuant to the Single Audit Act of 1996 and the Uniform Guidance.
Summary of Significant Accounting Policies - The Schedule of Expenditures of Federal Awards has been prepared on the full accrual basis of accounting used by the District in its preparation of its financial statements.
Title: Note B
Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the full accrual basis of accounting used by the District in its preparation of its financial statements.
De Minimis Rate Used: Y
Rate Explanation: The District elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The District elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Note C
Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the full accrual basis of accounting used by the District in its preparation of its financial statements.
De Minimis Rate Used: Y
Rate Explanation: The District elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
During the year ended December 31, 2024, the District made adjustments to expenditures reported in prior years of $(13,765) under Assistance Listing Number 97.036, Disaster Grants – Public Assistance. The Schedule of Federal Awards reflects this adjustment as a reduction to current year expenditures.