Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The schedule of expenditures of federal awards and state financial assistance is prepared using the
accrual basis of accounting. The determination of when an award is expended is based on when the activity related to the award occurred.
De Minimis Rate Used: Y
Rate Explanation: Use for management function of the grants
The schedule of expenditures of federal awards and state financial assistance is prepared using the
accrual basis of accounting.
Title: Measurement Focus
Accounting Policies: The schedule of expenditures of federal awards and state financial assistance is prepared using the
accrual basis of accounting. The determination of when an award is expended is based on when the activity related to the award occurred.
De Minimis Rate Used: Y
Rate Explanation: Use for management function of the grants
The determination of when an award is expended is based on when the activity related to the award
occurred
Title: Program Type Determination
Accounting Policies: The schedule of expenditures of federal awards and state financial assistance is prepared using the
accrual basis of accounting. The determination of when an award is expended is based on when the activity related to the award occurred.
De Minimis Rate Used: Y
Rate Explanation: Use for management function of the grants
Type A programs are defined as federal programs with federal expenditures exceeding the larger of
$750,000 or 3% of total federal expenditures. The threshold of $750,000 was used in distinguishing
between Type A and Type B programs.
Title: Method of Major Program Selection
Accounting Policies: The schedule of expenditures of federal awards and state financial assistance is prepared using the
accrual basis of accounting. The determination of when an award is expended is based on when the activity related to the award occurred.
De Minimis Rate Used: Y
Rate Explanation: Use for management function of the grants
The risk based approach was used in the selection of federal programs to be tested as major programs. The District did not qualify as a low-risk auditee for the fiscal year ended September 30, 2024
Title: De-Minimis Indirect Cost Rate
Accounting Policies: The schedule of expenditures of federal awards and state financial assistance is prepared using the
accrual basis of accounting. The determination of when an award is expended is based on when the activity related to the award occurred.
De Minimis Rate Used: Y
Rate Explanation: Use for management function of the grants
The District used the de-minimis indirect cost rate for the year ended September 30, 2024