Notes to SEFA
Accounting Policies: The Schedule of Expenditure of Federal Awards includes the federal award activity of Imperial CommunityCollege District and is presented on the accrual basis of accounting. The information in this schedule ispresented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).Expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-21, CostPrinciples for Educational Institutions or the cost principles contained in the Uniform Guidance, wherein certaintypes of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.