Notes to SEFA
Accounting Policies: Summary of Significant Accounting Policies – Expenditures reported on the Schedule are recognized following
the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or
are limited as to reimbursement.
Basis of presentation – The accompanying Schedule of Expenditures of Federal Awards (“Schedule”) includes
the Federal grant activity of the Alameda Unified School District (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
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 of the District, it is not intended to and does not present the net position, changes in net position, or
cash flows of the District.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10 percent de minimis indirect cost rate allowed in the Uniform Guidance