Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Osmond Improvement and Service District and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the 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 District did not elect to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.