Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported in the SEFSA are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance,
wherein certain types of expenditures are not allowable or are limited as to reimbursement. 'The Public Schools of Robeson County has elected not to use the 10-percent de minimis indirect cost
rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Public Schools of Robeson County has elected not to use the 10-percent de minimis indirect cost
rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal and State awards includes the federal and
State grant activity of the Public Schools of Robeson County and is presented on the modified
accrual basis of accounting. The information in this schedule is presented in accordance with the
requirements of Title 2 US Code of Federal Regulations Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards and t
resented 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: Expenditures reported in the SEFSA are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance,
wherein certain types of expenditures are not allowable or are limited as to reimbursement. 'The Public Schools of Robeson County has elected not to use the 10-percent de minimis indirect cost
rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Public Schools of Robeson County has elected not to use the 10-percent de minimis indirect cost
rate as allowed under the Uniform Guidance.
Expenditures reported in the SEFSA are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance,
wherein certain types of expenditures are not allowable or are limited as to reimbursement. 'The Public Schools of Robeson County has elected not to use the 10-percent de minimis indirect cost
rate as allowed under the Uniform Guidance.
Title: Cluster of Programs
Accounting Policies: Expenditures reported in the SEFSA are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance,
wherein certain types of expenditures are not allowable or are limited as to reimbursement. 'The Public Schools of Robeson County has elected not to use the 10-percent de minimis indirect cost
rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Public Schools of Robeson County has elected not to use the 10-percent de minimis indirect cost
rate as allowed under the Uniform Guidance.
The following are clustered by the NC Department of Public Instruction and are treated separately for state audit requirement purposes: School Nutrition Program.