Notes to SEFA
The accompanying schedule of expenditures of Federal awards (“SEFA”) includes the Federal grant activity of the District and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). The amount of Federal revenue reported in the financial statements is $103,960 more than the total Federal expenditures because the Universal Service Fund-Schools and Libraries (E-Rate), Assistance Listing 32.004, program is to be excluded from coverage under 2 CFR 200, Subpart F-Audit requirements per guidance posted by the Federal Communications Commission.
The District has not used the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.