Notes to SEFA
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Districts financial statements. The district uses the modified accrual basis of accounting. The information in this schedule is presented in accordance with the audit 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. The district has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The District has negotiated an indirect cost rate with the Oregon Department of Education.