Notes to SEFA
Title: Note 3 Relationship to Financial Statements
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: N/A
Federal award expenditures are reported in the District's financial statements as expenditures in the Special Revenue Funds.
Title: Note 4 Relationship to Federal Financial Reports
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: N/A
Amounts reported in the accompanying schedule agree with the amounts reported in the related federal financial reports except for timing differences relating to expenditures made subsequent to the filling of federal financial reports.