Notes to SEFA
Title: NOTE 1 - PURPOSE OF SCHEDULES
Accounting Policies: The Schedule of Expenditure of Federal Awards includes the
federal award activity of Elk Grove Unified School District and is presented on the accrual basis of
accounting.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10-percent de minimus indirect cost
rate allowed under Uniform Guidance.
Schedule of Expenditures of Federal Awards: The Schedule of Expenditure of Federal Awards includes the
federal award activity of Elk Grove Unified School District and is presented on the accrual basis of
accounting. The information in this schedule is presented in accordance with the 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). Expenditures are recognized following cost
principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or
are limited as to reimbursement. The District has elected not to use the 10-percent de minimus indirect cost
rate allowed under Uniform Guidance. There were no funds passed through to subrecipients.
Title: NOTE 2 - EARLY RETIREMENT INCENTIVE PROGRAM
Accounting Policies: The Schedule of Expenditure of Federal Awards includes the
federal award activity of Elk Grove Unified School District and is presented on the accrual basis of
accounting.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10-percent de minimus indirect cost
rate allowed under Uniform Guidance.
Education Code Section 14502 requires certain disclosure in the financial statements of districts which
adopt Early Retirement Incentive Programs pursuant to Education Code Sections 22714 and 44929. For
the year ended June 30, 2023, the District did not adopt this program.