Notes to SEFA
Title: Note 2 - Federal Assistance Reconciliation
Accounting Policies: The expenditures included in Schedule E are reported for the Districts fiscal year. Expenditure reports to funding agenciesare prepared on the award period basis. The expenditures reported on Schedule E represent funds that have been expended by the District for the purposes of the award. The expenditures reported on Schedule E may not have been reimbursed by the funding agencies as of the end of the fiscal year. Separate accounts are maintained for the different awards to aid in the observance of limitations and restrictions imposed by the funding agencies. The District has followed all applicable guidelines issued by various entities in the preparation of the schedule. The District did not use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. See last sentence in above Note.
See notes to SEFA for chart/table.