Notes to SEFA
Title: NOTE 2 - Summary of Significant Accounting Policies
Accounting Policies: NOTE 1 BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grantactivity of the District under programs of the federal government for the year ended April 30, 2022. Theinformation in this Schedule is presented in accordance with the requirements of Uniform Guidance,Audits of States, Local Governments, and Non-Profit Organizations. Because the Schedule presents onlya selected portion of the operations of the District, it is not intended to and does not present the financialposition, changes in net position, or cash flows of the District.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpendituresExpenditures reported on the Schedule are reported on the accrual basis of accounting.Pass-Through EntitiesPass-through entity identifying numbers are presented on the Schedule where available.
Title: NOTE 4 - Subrecipient Relationships
Accounting Policies: NOTE 1 BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grantactivity of the District under programs of the federal government for the year ended April 30, 2022. Theinformation in this Schedule is presented in accordance with the requirements of Uniform Guidance,Audits of States, Local Governments, and Non-Profit Organizations. Because the Schedule presents onlya selected portion of the operations of the District, it is not intended to and does not present the financialposition, changes in net position, or cash flows of the District.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The District did not remit any funds to subrecipients.