Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: The schedule of expenditures of federal awards presented in this report includes federal grant activity and is
presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance
with the audit 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). 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: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures
are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of
expenditures are not allowed 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. The
District has elected not to use the ten percent de minimis indirect cost rate as allowed under Uniform Guidance,
since they already have a negotiated indirect cost rate with the Oregon Department of Education, and therefore are
not allowed to use the de minimis rate.
The schedule of expenditures of federal awards presented in this report includes federal grant activity and is
presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance
with the audit 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). Therefore,
some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the
basic financial statements.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The schedule of expenditures of federal awards presented in this report includes federal grant activity and is
presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance
with the audit 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). 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: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures
are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of
expenditures are not allowed 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. The
District has elected not to use the ten percent de minimis indirect cost rate as allowed under Uniform Guidance,
since they already have a negotiated indirect cost rate with the Oregon Department of Education, and therefore are
not allowed to use the de minimis rate.
Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures
are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of
expenditures are not allowed 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. The
District has elected not to use the ten percent de minimis indirect cost rate as allowed under Uniform Guidance,
since they already have a negotiated indirect cost rate with the Oregon Department of Education, and therefore are
not allowed to use the de minimis rate