Notes to SEFA
Title: Note 2
Accounting Policies: The schedule of federal awards is presented using the modified accrual basis of accounting. The information in this schedule is
presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in
this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10% de minimis indirect cost rate as allowed under Uniform Guidance.
The District participates in numerous state and federal grant programs that are governed by various rules and regulations of the
grantor agencies. Costs charged to the respective grant programs are subject to audit and adjustment by the grantor agencies;
therefore, to the extent that the District has not complied with the rules and regulations governing the grants, if any, refunds of any
money received may be required and the collectability of any related receivable at June 30, 2023, may be impaired. In the opinion of
the District, there are no significant contingent liabilities relating to compliance with the rules and regulations governing the respective
grants; therefore, no provision has been recorded in the accompanying financial statements for such contingencies. Generally, unused
balances are returned to the grantor at the close of specified project periods.
Title: Note 3
Accounting Policies: The schedule of federal awards is presented using the modified accrual basis of accounting. The information in this schedule is
presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in
this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10% de minimis indirect cost rate as allowed under Uniform Guidance.
Nonmonetary assistance is reported in the Schedule of Expenditures of Federal Awards at the fair market value of the
commodities received and disbursed. For the year ended June 30, 2023, the District received and disbursed food commodities totaling $1,105,375.