Notes to SEFA
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures arerecognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures arenot allowed or are limited as to reimbursement. Negative amounts shown on the schedule represent adjustments orcredits made in the normal course of business to amounts reported as expenditures in prior years. The District has notelected to use the ten percent de minimis indirect cost rate as allowed under Uniform Guidance, due to the fact that theyalready have a negotiated indirect cost rate with the Oregon Department of Education, and thus is not allowed to usethe de minimis rate.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.