Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Basis of Presentation
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10% de minimis indirect cost rate as allowed under Uniform Guidance
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Cushing Independent School
Title: Basis of Presentation
Accounting Policies: Basis of Presentation
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10% de minimis indirect cost rate as allowed under Uniform Guidance
District and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance
Title: Basis of Presentation
Accounting Policies: Basis of Presentation
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10% de minimis indirect cost rate as allowed under Uniform Guidance
with the requirements of Single Audit Act Amendments of 1996 and Title 2 U.S. Code of Federal Regulations Part 200, Uniform
Title: Basis of Presentation
Accounting Policies: Basis of Presentation
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10% de minimis indirect cost rate as allowed under Uniform Guidance
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some
Title: Basis of Presentation
Accounting Policies: Basis of Presentation
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10% de minimis indirect cost rate as allowed under Uniform Guidance
amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial
Title: Basis of Presentation
Accounting Policies: Basis of Presentation
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10% de minimis indirect cost rate as allowed under Uniform Guidance
statements.