Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the District under programs of the federal government for the year ended June 30, 2025. The District’s reporting entity is defined in Note 1 to the District’s financial statements. 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 Administration 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.
Expenditures reported on the Schedule are reported on the modified accrual basis of accounting which is described in Note 1 to the District’s financial statements. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for State, Local and Indian Tribal 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 or are limited as to reimbursement.
The District has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance
The District did not have any federal insurance in effect during the year ended June 30, 2025.
The District did not have any loans or loan guarantees outstanding as of June 30, 2025.
Non-monetary assistance is reported in the schedule at the fair market value of the commodities received and distributed.
Of the federal expenditures presented in the schedule, the District provided no federal awards to subrecipients.
The District did not receive any donations of personal protective equipment during the fiscal year ended June 30, 2025.