Notes to SEFA
Title: Program Income
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards 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 the requirements of 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), Subpart F, Section 510(b).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Of the Federal expenditures and award amounts presented in the Schedule of Expenditures of Federal Awards, the District included $67,875 of program income for the Child and Adult Care Food Program. This amount represents the program income generated by this program during fiscal year 2022.