Notes to SEFA
Accounting Policies: Basis of PresentationThe accompanying schedule of expenditures of federal awards includes the federal grant activity of Diboll Independent School District and is presented on the modified accrual basis of accounting. The information in this schedule is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in the preparation of, the general purpose financial statements.Period of AvailabilityThe period of availability for federal grant funds for the purpose of liquidating outstanding obligations made on or before the ending date of the federal project period extended 30 days beyond the federal project period ending date, in accordance with provisions in Section H, Period of Availability of Federal Funds, Part 3, OMB Uniform Guidance.Indirect CostThe District has elected not to use the 10-percent de minimis indirect cost rate per Uniform Guidance (2.CRF.200.414).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.