Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the modified 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Indirect costs amounting to $693,897 were claimed by the Center for the year ended August 31, 2023, using the Centers restricted indirect cost rate is 5.623%. Additionally, certain indirect costs were claimed by the Center under its cost allocation plan.
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal grant activity of Education Service Center Region 12 (the "Center") under programs of the federal government for the year ended August 31, 2023. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ("Uniform Guidance"). Because the Schedule presents only a selected portion of the operations of the Center, it is not intended and does not present the financial position,changes in net assets or cash flows of the Center.
Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule are reported on the modified 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Indirect costs amounting to $693,897 were claimed by the Center for the year ended August 31, 2023, using the Centers restricted indirect cost rate is 5.623%. Additionally, certain indirect costs were claimed by the Center under its cost allocation plan.
Expenditures reported on the Schedule are reported on the modified 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available.
Title: Indirect Costs
Accounting Policies: Expenditures reported on the Schedule are reported on the modified 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Indirect costs amounting to $693,897 were claimed by the Center for the year ended August 31, 2023, using the Centers restricted indirect cost rate is 5.623%. Additionally, certain indirect costs were claimed by the Center under its cost allocation plan.
Indirect costs amounting to $693,897 were claimed by the Center for the year ended August 31, 2023, using the Centers restricted indirect cost rate is 5.623%. Additionally, certain indirect costs were claimed by the Center under its cost allocation plan.