Notes to SEFA
Title: Note 2 - Federal Assistance Reconciliation
Accounting Policies: Note 1 - Significant Accounting Policies Used in Preparing the Schedule
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the District
under programs of the federal government for the year ended August 31, 2023 and is presented on the 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).
Expenditure reports to funding agencies are prepared on the award period basis. The expenditures reported on the
schedule represent funds which have been expended by the District for the purposes of the award. The
expenditures 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 basic financial statements. Separate
accounts are maintained for the different awards to aid in the observance of limitations and restrictions imposed by
the funding agencies.
De Minimis Rate Used: N
Rate Explanation: Note 3 – Indirect Cost Rates
The District did not use the 10 percent de Minimis indirect cost rate allowed under the Uniform Guidance.
See notes to SEFA for chart/table.