Notes to SEFA
Accounting Policies: Expenditures reported in the schedules are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Oshkosh Area School District has not elected to use the 10 percent de minimis indirect cost rate as allowable under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: N/A