Notes to SEFA
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized
following, as applicable, either the cost principle in OMB Circular A-87, Cost Principles for State and local Governments, or
the cost principles contained in Title 2 U.S. Code of Federal Regulations part 200, Uniform Administrative Requirements, Cost
Principles, and Audit Requirements for Federal Awards, wherein, certain types of expenditures are not allowable for
reimbursement.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 1 0% de minim us indirect cost rate as allowed under the Uniform Guidance.