Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “schedule”) includes the federal award activity of the
Southeast Region Career & Technology Center under programs of the federal government for the year ended June 30, 2023. 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). The amounts reported on the schedule have been reconciled to and are in agreement with amounts recorded in the
accounting records from which the financial statements have been reported.
De Minimis Rate Used: N
Rate Explanation: The Southeast Region Career & Technology Center has not elected
to use the 10-perecnt de minimis cost rate as allowed under the Uniform Guidance.