Notes to SEFA
Title: Note 1: Federal Assistance Reconciliation
Accounting Policies: Note 2: Significant Accounting Policies used in Preparing the Schedule.
The expenditures included in the schedule are reported for the District's fiscal year. Expenditure reports to funding agencies
are prepared on the award period basis. The expenditures reported above represent funds that have been expended by the
District for the purposes of the award. The expenditures reported above may not have been reimbursed by the funding
agencies as of the end of the fiscal year. Some amounts reported in the schedule may differ from amounts used in the
preparation of the general purpose financial statements. Separate accounts are maintained for the different awards to aid
in the observance of limitations and restrictions imposed by the funding agencies. The District has elected to use the 10
percent de minimis cost rate as permitted in the UG, Section 200.414. The District has followed all applicable guidelines
issued by various entities in the preparation of the schedule.
De Minimis Rate Used: Y
Rate Explanation: See Note 2, second to last sentence.
See Notes to SEFA for table/chart.