Notes to SEFA
Accounting Policies: Expenditures reported on the Schedule are reported on the regulatory basis of accounting described in Note 1 to the Districts financial statement. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.