Notes to SEFA
Accounting Policies: Significant accounting policies:Basis of presentation: The SEFA includes the federal grant activity for the district and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title2 U.S. Code of Federal Regulation (CFR) Part 200, Uniform Administrative Requirements, Cost principles,and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amountspresented in this schedule may differ from amounts presented or used in the preparation of the basicfinancial statements.Federal financial assistance: Pursuant to the Uniform Guidance, federal financial assistance is defined as assistance provided by a federal agency, either directly or indirectly, in the form of grants, contracts, cooperative agreements,loans, loan guarantees, property, interest subsidies, insurance, or direct appropriations. Accordingly,non-monetary federal assistance, including federal surplus property, is included in federal financialassistance and, therefore, is reported on the schedule, if applicable. Federal financial assistance doesnot include direct federal cash assistance to individuals. Solicited contracts between the state and federalgovernment for which the federal government procures tangible goods or services are not considered tobe federal financial assistance.Federal Forest Fees: Federal forest fees considered federal revenues are included in the schedule due to requirements of theOregon Department of Education. However, these expenditures are not subject to Uniform Guidance andthere are no applicable compliance requirements once these funds are passed to the district. Based onguidance from the oversight agency, the Oregon Department of Education, and the United StatesDepartment of Agriculture, the federal forest fees have not been included in the scope of the single audit.Major programs: The Uniform Guidance establishes criteria to be used in defining major federal financial assistanceprograms. Major programs for the district are those programs selected for testing by the auditor usinga risk-assessment model, as well as certain minimum expenditure requirements, as outlined in theUniform Guidance. Programs with similar requirements may be grouped into a cluster for testingpurposes.Reporting entity: The reporting entity is fully described in the notes to financial statements. The schedule includes allfederal programs administered by the district for the year ended June 30, 2022.Indirect Cost Rate: The district has not elected to use the 10% de minimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.