Notes to SEFA
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal grant activity of Roaring Fork School District RE-1, and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the 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 these general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: Roaring Fork School District RE-1 has elected to not use the 10% de minimis cost rate allowed in ? 200.414, Indirect (F&A) Costs, of the Uniform Guidance.