Notes to SEFA
Accounting Policies: Note 1. Basis of PresentationThis accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activityof the District under programs of the federal government for the year ended June 30, 2022. The information in thisSchedule is presented in accordance with the requirements of Title 2 U. S. Code of Federal Regulations Part 200,Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance). Because the Schedule presents only a selected portion of operations of the District, it is not intended toand does not present the financial position, changes in net assets, or cash flows of the District.Note 2. Summary of Significant Accounting PoliciesExpenditures reported on the Schedule are reported on the regulatory basis of accounting. Such expendituresrecognized following the cost principles contained in the Uniform Guidance, wherein certain types of expendituresare not allowable or are limited to reimbursement.Note 3. Indirect Cost RateThe District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.Note 4. Food DistributionNon-monetary assistance is reported in the schedule at the fair market value of the commodities received anddisbursed.12
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.