Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal and state grant activity of Cooperative Educational Service Agency 5 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) and the State Single Audit Guidelines. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Agency has elected not to use the 10% de minimis cost rate.