Notes to SEFA
Title: Note 3 – Federal Indirect Cost Rate(s)
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Cle Elum-Roslyn School District No.404 financial statements. The Cle Elum-Roslyn School District No. 404 uses the Accrual Basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Cle Elum-Roslyn School District No. 404 has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amount expended includes $55,297.79 claimed as an indirect cost recovery using an approved indirect cost rate of 10.25% and the ALN 84.425 rate of 20.14%
Title: Note 4– Noncash Awards
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Cle Elum-Roslyn School District No.404 financial statements. The Cle Elum-Roslyn School District No. 404 uses the Accrual Basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Cle Elum-Roslyn School District No. 404 has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amount of commodities reported on the Schedule is the value of commodities received by the Cle Elum-Roslyn School District No. 404 during current year and priced as prescribed by OSPI.
Title: Note 5 – Program Costs
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Cle Elum-Roslyn School District No.404 financial statements. The Cle Elum-Roslyn School District No. 404 uses the Accrual Basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Cle Elum-Roslyn School District No. 404 has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amounts shown as current year expenditures represent only the federal grant portion of the program costs. Entire program costs, including the Cle Elum-Roslyn School District No. 404 portion, are 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.