Notes to SEFA
Accounting Policies: Note 1. Basis of PresentationThe accompanying schedule of expenditures of federal awards includes the federal grant activity of WestDes Moines Community School District under programs of the federal government for the year endedJune 30, 2022. The information in this schedule is presented in accordance with the requirements of Title2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, andAudit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only aselected portion of the operations of the District, it is not intended to and does not present the financialposition, changes in net position or cash flows of the District.Note 2. Significant Accounting PoliciesExpenditures reported on the schedule of expenditures of federal awards are reported on the modifiedaccrual or accrual basis of accounting based on the fund type of the program. Such expenditures arerecognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowable or are limited as to reimbursement. Revenue from federal awards isrecognized when the District has done everything necessary to establish its right to revenue. Forgovernmental funds, revenue from federal awards is recognized when it is both measurable andavailable.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.