Notes to SEFA
Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported in the schedule are reported on the modified accrual basis of accounting. When applicable,
such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited to reimbursement. No federal financial assistance
has been provided to a subrecipient.
De Minimis Rate Used: N
Rate Explanation: The SELPA does not draw for administrative expenses.
Expenditures reported in the schedule are reported on the modified accrual basis of accounting. When applicable,
such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein
certain types of expenditures are not allowable or are limited to reimbursement. No federal financial assistance
has been provided to a subrecipient.
Title: Indirect Cost Rate
Accounting Policies: Expenditures reported in the schedule are reported on the modified accrual basis of accounting. When applicable,
such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited to reimbursement. No federal financial assistance
has been provided to a subrecipient.
De Minimis Rate Used: N
Rate Explanation: The SELPA does not draw for administrative expenses.
The SELPA does not draw for administrative expenses and has not elected to use the ten percent de minimis cost
rate.
Title: Basis of Presentation
Accounting Policies: Expenditures reported in the schedule are reported on the modified accrual basis of accounting. When applicable,
such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited to reimbursement. No federal financial assistance
has been provided to a subrecipient.
De Minimis Rate Used: N
Rate Explanation: The SELPA does not draw for administrative expenses.
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of
the Organization under programs of the federal government for the year ended June 30, 2023. The information 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 Organization, it is not intended to and
does not present the financial position, changes in net assets, or cash flows of the Organization.