Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Summary of Significant Accounting Policies: The Schedule of Expenditures of Federal Awards is presented using the modified cash basis of accounting, which is described in Note 2 to the District's financial statements.
De Minimis Rate Used: N
Rate Explanation: The District elected not to use the 10% de minimis indirect cost rate.
The accompanying schedule of expenditures of federal awards includes the federal award activity of the District under programs of the federal government for the fiscal year ended June 30, 2024. The information reported in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost principles, and Audit requirements for Federal Awards (Uniform Guidance). Because the Schedule presents 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.
Title: NON CASH PROGRAM
Accounting Policies: Summary of Significant Accounting Policies: The Schedule of Expenditures of Federal Awards is presented using the modified cash basis of accounting, which is described in Note 2 to the District's financial statements.
De Minimis Rate Used: N
Rate Explanation: The District elected not to use the 10% de minimis indirect cost rate.
Commodities received and expended were valued by the Food Service Section of the Department of Elementary and Secondary Education.
Title: SUBRECIPIENTS
Accounting Policies: Summary of Significant Accounting Policies: The Schedule of Expenditures of Federal Awards is presented using the modified cash basis of accounting, which is described in Note 2 to the District's financial statements.
De Minimis Rate Used: N
Rate Explanation: The District elected not to use the 10% de minimis indirect cost rate.
The District did not provide funds to subrecipients in the current year.