Notes to SEFA
Accounting Policies: Note A: Basis of PresentationThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Autry Technology Center, District No. 15 under programs of the federal government for the year ended June 30, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 US. Code of Federal Regulations Part 220, 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 Autry Technology Center, District No. 15 it is not intended to and does not present financial position, changes in financial position or cash flows.Note B: Summary of Significant Accounting PoliciesExpenditures reported on the Schedule are reported on using the cash basis of accounting. Some amounts presented in the schedule may differ from amounts presented in, or used in the preparation of the basic financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, where certain types of expenditures are not allowable or are limited as to reimbursement.Note C: Indirect Cost RateAutry Technology Center, District No. 15 has elected not to use the 10% de minims indirect cost rate allowed under the Uniform Guidance.Note D: SubrecipientsAutry Technology Center, District No. 15 did not have any awards that have been passed through to sub recipients.Note E: Personal Protective EquipmentThe District reports they did not receive any federally funded personal protective equipment (PPE) from other sources.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.