Notes to SEFA
Title: NOTE 1 - PURPOSE OF SCHEDULES
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal award activity of the Office of Education, and is presented on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Office of Education has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Schedule of Expenditures of Federal Awards: The Schedule of Expenditures of Federal Awards includes the federal award activity of the Office of Education, and is presented on the accrual basis of accounting. 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). 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. The Office of Education has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: NOTE 2 - EARLY RETIREMENT INCENTIVE PROGRAM
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal award activity of the Office of Education, and is presented on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Office of Education has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Education Code Section 14502 required certain disclosure in the financial statements of County Offices which adopt Early Retirement Incentive Programs pursuant to Education Code Section 22714 and 44929. For the fiscal year ended June 30, 2023, the Office of Education did not adopt such a program.