Notes to SEFA
Title: BASIS OF PRESENTATION
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 Title 2 U.S. Code of Federal
Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for
Federal Awards, wherein certain types of expenditures are not allowable 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.
Pass-through entity identifying numbers are presented where available. ROTC does not have a ALN number,
so the Federal ALN number on the Schedule of Expenditures of Federal Awards identifies the Department
followed by “Unknown”.
De Minimis Rate Used: N
Rate Explanation: El Paso County Colorado School District 49 has elected not to use the 10 percent de minimis indirect cost
rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award
activity of El Paso County Colorado School District 49 under programs of the federal government for the
year ended June 30, 2023. 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 El Paso County Colorado School District 49, it is not intended to and
does not present the financial position, changes in net position, or cash flows of El Paso County Colorado
School District 49.
Title: NON-CASH ASSISTANCE
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 Title 2 U.S. Code of Federal
Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for
Federal Awards, wherein certain types of expenditures are not allowable 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.
Pass-through entity identifying numbers are presented where available. ROTC does not have a ALN number,
so the Federal ALN number on the Schedule of Expenditures of Federal Awards identifies the Department
followed by “Unknown”.
De Minimis Rate Used: N
Rate Explanation: El Paso County Colorado School District 49 has elected not to use the 10 percent de minimis indirect cost
rate allowed under the Uniform Guidance.
During the year end June 30, 2023, El Paso County Colorado School District 49 received $598,091 in noncash
assistance in the form of food commodities. Valuation of commodities is based on fair market value at
the time of receipt.