Notes to SEFA
Title: Basis of Accounting
Accounting Policies: The School District of the City of York (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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
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.