Notes to SEFA
Title: NOTES TO THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
Accounting Policies: 1. BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal awards includes federal grant activity under programs of the
federal government. 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). Because the schedule presents only a selected
portion of the operations, it is not intended to and does not present the net position, changes in net position, or cash
flows of the entity.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures
are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of
expenditures are not allowed or are limited as to reimbursement. Negative amounts shown on the schedule
represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior
years. The entity has not elected to use the ten percent de minimus indirect cost rate as allowed under Uniform
Guidance, due to the fact that they already have a negotiated indirect cost rate with Oregon Department of
Education, and thus is 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
1. BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal awards includes federal grant activity under programs of the
federal government. 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). Because the schedule presents only a selected
portion of the operations, it is not intended to and does not present the net position, changes in net position, or cash
flows of the entity.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures
are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of
expenditures are not allowed or are limited as to reimbursement. Negative amounts shown on the schedule
represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior
years. The entity has not elected to use the ten percent de minimus indirect cost rate as allowed under Uniform
Guidance, due to the fact that they already have a negotiated indirect cost rate with Oregon Department of
Education, and thus is not allowed to use the de minimus rate.