Notes to SEFA
Title: BASIS OF ACCOUNTING
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federalaward programs administered by the District, an entity as defined in Note 1 to the Districts basicfinancial statements. Federal awards received from federal agencies, as well as federal awardspassed through from other governmental agencies, are included on the Schedule of Expendituresof Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The District used the modified accrual basis of accounting for each federal program, consistent withthe fund basis financial statements.The amounts reported as federal expenditures generally were obtained from the appropriate federalfinancial reports for the applicable program and periods. The amounts reported in these financialreports are prepared from records maintained for each program, which are periodically reconciledwith the Districts financial reporting system.
Title: NON-MONETARY FEDERAL PROGRAM
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federalaward programs administered by the District, an entity as defined in Note 1 to the Districts basicfinancial statements. Federal awards received from federal agencies, as well as federal awardspassed through from other governmental agencies, are included on the Schedule of Expendituresof Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The District is the recipient of a federal award program that does not result in cash receipts ordisbursements (termed a non-monetary program.) During the year ended June 30, 2022, theDistrict used $17,477 worth of commodities.