Notes to SEFA
Accounting Policies: 1. BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards includes federal grant activity under programs of thefederal government. The information in this schedule is presented in accordance with the audit requirements ofTitle 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, andAudit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portionof the operations, it is not intended to and does not present the net position, changes in net position, or cash flowsof the entity.2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expendituresare recognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowed or are limited as to reimbursement. Negative amounts shown on the schedule representadjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.The entity has elected to not use the ten percent de minimus indirect cost rate as allowed under Uniform Guidance,due to the fact that it already has a negotiated indirect cost rate with the Oregon Department of Education, and thusis not allowed to use the de minimus rate.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.