Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of federalaward programs administered by the District, which is described in Note 1 to the District'saccompanying financial statements, using the modified accrual basis of accounting. Federalawards that are included in the schedule may be received directly from federal agencies, as wellas federal awards that are passed through from other government agencies. The information ispresented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations, Part200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements forFederal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule maydiffer from amounts presented in, or used in the preparation of, the financial statements.Because the schedule of expenditures of federal awards presents only a selected portion of theoperations of the District, it is not intended to and does not present the financial position,change in net assets, or cash flows of the District.Indirect costs may be included in the reported expenditures, to the extent that they are includedin the federal financial reports used as the source for the data presented. The District's policy isnot to charge federal award programs with indirect costs.Matching costs (the District's share of certain program costs) are not included in the reportedexpenditures.The basis of accounting varies by federal program consistent with the underlying regulationspertaining to each program.The amounts reported as federal expenditures were obtained from the federal financial reportsfor the applicable program and periods. The amounts reported in these reports are preparedfrom records maintained for each program, which are reconciled with the District's financialreporting system.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.