Notes to SEFA
Title: Note 1 - Basis of Presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal award activity of the Baldwin County Board of Education under programs of the federal government for the year ended September 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 th eoperations of the Baldwin County Board of Education, it is not intended to and does not present the financial position, changes in net position or cash flows of the Baldwin County Board of Education.
De Minimis Rate Used: N
Rate Explanation: The Baldwin County Board of Education has elected to not use the 10-percent de minimis indirect cost rate as allowed in the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal award activity of the Baldwin County Board of Education under programs of the federal government for the year ended September 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 th eoperations of the Baldwin County Board of Education, it is not intended to and does not present the financial position, changes in net position or cash flows of the Baldwin County Board of Education.
Title: Note 2 - Summary of Significant Accounting Policies
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal award activity of the Baldwin County Board of Education under programs of the federal government for the year ended September 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 th eoperations of the Baldwin County Board of Education, it is not intended to and does not present the financial position, changes in net position or cash flows of the Baldwin County Board of Education.
De Minimis Rate Used: N
Rate Explanation: The Baldwin County Board of Education has elected to not use the 10-percent de minimis indirect cost rate as allowed in the Uniform Guidance.
Expenditures reported on the Schedule are reported on the modified accural basis of accounting. Such expenditures 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.
Title: Note 3 - Indirect Cost Rate
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal award activity of the Baldwin County Board of Education under programs of the federal government for the year ended September 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 th eoperations of the Baldwin County Board of Education, it is not intended to and does not present the financial position, changes in net position or cash flows of the Baldwin County Board of Education.
De Minimis Rate Used: N
Rate Explanation: The Baldwin County Board of Education has elected to not use the 10-percent de minimis indirect cost rate as allowed in the Uniform Guidance.
The Baldwin County Board of Education has elected to not use the 10-percent de minimis indirect cost rate as allowed in the Uniform Guidance.