Notes to SEFA
Accounting Policies: The accompanying schedules of expenditures of awards and financial assistance are presented onthe budgetary basis of accounting with the exception of programs recorded in the food servicefund, which are presented using the accrual basis of accounting. These bases of accounting aredescribed in Note 1 to the Board's basic financial statements. The information included in thisschedule is presented in accordance with the requirements of OMB Uniform Guidance and NJOMB 15-08. Therefore, some amounts presented in this schedule may differ from amountspresented in, or used in the preparation of, the basic financial statements. The District has electednot to use the 10% de minimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.