Notes to SEFA
Basis of Presentation The accompanying Schedule of Expenditures of Federal Awards (SEFA) is prepared using the accrual basis of accounting. Complete Assistance Listing Numbers are presented for those programs for which such numbers were available. Assistance Listing Number prefixes and other identifying numbers are presented for programs for which a complete Assistance Listing Number is not available.
The District has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amount as federal expenditure on the schedule of expenditures (SEFA) includes the beginning loan balance as of December 31, 2024, of $23,754,866.