Notes to SEFA
Accounting Policies: The accompanying schedules of expenditures of awards and financial assistance are presented using themodified accrual basis of accounting with the exception of programs recorded in the food service fund,which are presented using the accrual basis of accounting, and those recorded in the special revenuefund, which are presented using the budgetary basis of accounting. These bases of accounting aredescribed in Notes 1(C) and 1(D) to the Board's basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.