Notes to SEFA
Accounting Policies: The expenditures included in the schedule are reported for the District's fiscal year. Expenditure reports to funding agencies are prepared on the award period basis.The expenditures reported above represent funds which have been expended by the District for the purposes of the award. The expenditures reported may not havebeen reimbursed by the funding agencies as of the end of the fiscal year. Some amounts reported in the schedule may differ from amounts used in the preparationof the general purpose financial statements. Separate accounts are maintained for the different awards to aid in the observance of limitations and restrictionsimposed by the funding agencies. The District has followed all applicable guidelines issued by various entities in the preparation of the schedule. Since the Districthas a Department of Health and Human Services approved Indirect Recovery Rate it has elected not to use the 10% de minimis cost rate as permitted in the UG,section 200.414.
De Minimis Rate Used: N
Rate Explanation: Since the Districthas a Department of Health and Human Services approved Indirect Recovery Rate it has elected not to use the 10% de minimis cost rate as permitted in the UG,section 200.414.