Notes to SEFA
Accounting Policies: The accompanying schedules of financial assistance are presented using the modified accrual basis ofaccounting with the exception of programs recorded in the food services fund, which are presented usingthe accrual basis of accounting, and those recorded in the special revenue fund, which are presentedusing the budgetary basis of accounting. These bases of accounting are described in Notes 1(C) and1(D) to the Board's basic financial statements. The District has elected not to use the 10% de minimisindirect cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.