Notes to SEFA
The Bristol Township School District (the “District”) as the reporting entity for financial reporting purposes is defined in Note 1B to the District’s basic financial statements. For purposes of preparing the Schedule of Expenditures of Federal Awards, the District’s reporting entity is the same that was used for financial reporting.
The accompanying Schedule of Expenditures of Federal Awards included the grant activity of the School District and is presented using the modified accrual basis of accounting, which is described in Note 1D to the District’s basic financial statements. The School District did not use the 10% de minimis indirect cost rate.