Notes to SEFA
The schedule of expenditures of federal awards and state financial assistance is prepared using the accrual basis of accounting.
The determination of when an award is expended is based on when the activity related to the award occurred.
For federal awards, Type A programs are defiend as programs with federal expenditures exceeding the larger of $1,000,000 or 3% of total federal expenditures. The threshold of $1,000,000 was used in distinguishing between Type A and Type B programs. For state financial assistance awards, Type A programs are defined as programs with state expenditures exceeding the larger of $750,000 or 3% of total state expenditures. The threshold of $750,000 was used in distinguishing between Type A and Type B programs.
The risk based approach was used in the selection of federal programs to be tested as major programs. The District did not qualify as a low-risk auditee for the fiscal year ended September 30, 2025.
The District used the de-minimus indirect rate for the year ended September 30, 2025.