Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: UNIFORMED GUIDANCE
De Minimis Rate Used: N
Rate Explanation: THE DISTRICT DID NOT ELECT TO USE THE 10 PERCENT DE MINIMIS INDIRECT COST RATE, AS ALLOWED UNDER THE UNIFORM GUIDANCE
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the District and is presented on the modified accrual basis of accounting. The information in this Schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of the financial statements.
Title: PASS-THROUGH GRANT NUMBERS
Accounting Policies: UNIFORMED GUIDANCE
De Minimis Rate Used: N
Rate Explanation: THE DISTRICT DID NOT ELECT TO USE THE 10 PERCENT DE MINIMIS INDIRECT COST RATE, AS ALLOWED UNDER THE UNIFORM GUIDANCE
All pass-through entities listed above use the same Federal Assistance Listing numbers as the federal grantors to identify these grants and have not assigned any additional identifying numbers.
Title: INVENTORY
Accounting Policies: UNIFORMED GUIDANCE
De Minimis Rate Used: N
Rate Explanation: THE DISTRICT DID NOT ELECT TO USE THE 10 PERCENT DE MINIMIS INDIRECT COST RATE, AS ALLOWED UNDER THE UNIFORM GUIDANCE
Inventories of commodities donated by the U.S. Department of Agriculture are recorded at market value in the Food Service Fund as inventory. Revenue and expenditures are recorded when commodities are used.
Title: INDIRECT COST RATE
Accounting Policies: UNIFORMED GUIDANCE
De Minimis Rate Used: N
Rate Explanation: THE DISTRICT DID NOT ELECT TO USE THE 10 PERCENT DE MINIMIS INDIRECT COST RATE, AS ALLOWED UNDER THE UNIFORM GUIDANCE
The District did not elect to use the 10 percent de minimis indirect cost rate, as allowed under the Uniform Guidance.