Notes to SEFA
Title: Summary of Significant Accounting Policies
Accounting Policies: The accompanying schedule of expenditures of federal awards is a summary of the activity of the District's federal awards programs presented on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The District did not use an indirect cost rate as allowed under the Uniform Guidance during the 2022-2023 year.
The accompanying schedule of expenditures of federal awards is a summary of the activity of the District's federal awards programs presented on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursment.
Title: Indirect Cost Rate
Accounting Policies: The accompanying schedule of expenditures of federal awards is a summary of the activity of the District's federal awards programs presented on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The District did not use an indirect cost rate as allowed under the Uniform Guidance during the 2022-2023 year.
The District did not use an indirect cost rate as allowed under the Uniform Guidance during the 2022-2023 year.
Title: Commodities
Accounting Policies: The accompanying schedule of expenditures of federal awards is a summary of the activity of the District's federal awards programs presented on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The District did not use an indirect cost rate as allowed under the Uniform Guidance during the 2022-2023 year.
Nonmonetary assistance is reported in the schedule at the fair market value of the commodities received and disbursed. The total nonmonetary assistance received for the year ended June 30, 2023 is $42,279.
Title: Subrecipients
Accounting Policies: The accompanying schedule of expenditures of federal awards is a summary of the activity of the District's federal awards programs presented on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The District did not use an indirect cost rate as allowed under the Uniform Guidance during the 2022-2023 year.
No federal expenditures presented in this schedule were provided to subrecipients.