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.
De Minimis Rate Used: N
Rate Explanation: Regional Office of Education No. 35 has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal award activity of Regional Office of Education No. 35 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 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 Regional Office of Education No. 35, it is not intended to and does not present the financial position, changes in net position, or cash flows of Regional Office of Education No. 35.
Title: Amounts Provided to Subrecipients
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.
De Minimis Rate Used: N
Rate Explanation: Regional Office of Education No. 35 has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Regional Office of Education No. 35 passed through Capacity Builder funds to other Regional Offices of Education and Community Partnership funds to local YMCA's.
Title: Education Stabilization Fund
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.
De Minimis Rate Used: N
Rate Explanation: Regional Office of Education No. 35 has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Regional Office of Education No. 35 expended funds from several of the subprograms under the Education Stabilization Fund. These have been identified by their applicable alpha character in the attached Schedule of Expenditures of Federal Awards. The total amount of Education Stabilization Funds expended under all subprograms was $673,532.