Notes to SEFA
Accounting Policies: The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Expenditures are reported on the regulatory basis of accounting consistent with the preparation of the combined financial statements. These expenditures are recognized following the cost principles rate allowed under the Uniform Guidance. contained in the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The District has also elected to not use the 10% de minimis indirect cost.