Notes to SEFA
Title: Reporting Entity
Accounting Policies: The Technical Schools use the modified accrual method to record transactions. Revenues are recorded when measurable and available. Expenditures are recorded when incurred.
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 presents the activity of all federal award programs of the Technical Schools' federal awards received directly form federal agencies as well as those federal awards passed through other government agencies.