Notes to SEFA
Title: Note 3 - Noncash Awards
Accounting Policies: Note 1 – Basis of Accounting
This Schedule is prepared on the same basis of accounting as the NorthEast Educational Service District 101’s (the District) financial statements. The District uses the accrual basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from non-federal sources.
De Minimis Rate Used: N
Rate Explanation: Note 2 – Federal De Minimis Indirect Cost Rate
The District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The district used the federal restricted rate of 7.16% for the programs unless otherwise specified by a particular program.
The amount of donated PPE that is not reported on the schedule that was distributed by the District during the current year and priced as prescribed by OSPI. The value of these supplies is $3,500.00.
Title: Note 4 – Program Costs/Matching Contributions
Accounting Policies: Note 1 – Basis of Accounting
This Schedule is prepared on the same basis of accounting as the NorthEast Educational Service District 101’s (the District) financial statements. The District uses the accrual basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from non-federal sources.
De Minimis Rate Used: N
Rate Explanation: Note 2 – Federal De Minimis Indirect Cost Rate
The District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The district used the federal restricted rate of 7.16% for the programs unless otherwise specified by a particular program.
The amounts shown as current year expenditures represent only the federal grant portion of the program costs. Entire program costs, including the district’s portion, may be more than shown. Such expenditures are recognized following, as applicable, either the cost principles in the OMB Circular A-87, Cost Principles for State, Local, and Indian Tribal Governments, or 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.