Notes to SEFA
Title: Reporting Entity
Accounting Policies: Delaware County Technical Schools uses the modified accrual method of recording transactions. Revenues are recorded when measurable and available. Expenditures are recorded when incurred.
De Minimis Rate Used: N
Rate Explanation: Delaware County Technical Schools did not use the federal de minimis indirect cost rate of 10 percent on their federal grants for the year ended June 30, 2023.
The accompanying schedule of expenditures of federal awards presents the activity of all federal award programs of the Technical Schools’ federal awards received directly from federal agencies as well as those federal awards passed through other government agencies.
Title: Basis of Accounting
Accounting Policies: Delaware County Technical Schools uses the modified accrual method of recording transactions. Revenues are recorded when measurable and available. Expenditures are recorded when incurred.
De Minimis Rate Used: N
Rate Explanation: Delaware County Technical Schools did not use the federal de minimis indirect cost rate of 10 percent on their federal grants for the year ended June 30, 2023.
The Technical Schools uses the modified accrual method of recording transactions. Revenues are recorded when measurable and available. Expenditures are recorded when incurred.
Title: Indirect Cost Rate
Accounting Policies: Delaware County Technical Schools uses the modified accrual method of recording transactions. Revenues are recorded when measurable and available. Expenditures are recorded when incurred.
De Minimis Rate Used: N
Rate Explanation: Delaware County Technical Schools did not use the federal de minimis indirect cost rate of 10 percent on their federal grants for the year ended June 30, 2023.
The Technical Schools did not use the federal de minimis indirect cost rate of 10 percent on their federal grants for the year ended June 30, 20232023