Notes to SEFA
Accounting Policies: Note 1. Basis of PresentationThis accompanying schedule of expenditures of federal awards (the Schedule) includes the federal awardactivity of the District under programs of the federal government for the year ended June 30, 2022. Theinformation in this Schedule is presented in accordance with the requirements of Title 2 U. S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements forFederal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of operations ofthe District, it is not intended to and does not present the financial position, changes in net assets, or cash flowsof 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 ofexpenditures are 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 UniformGuidance. The District elected to use the rate of 2.80% to charge indirect costs to federal programs.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: Y
Rate Explanation: The auditee used the de minimis cost rate.