Notes to SEFA
Title: 1. Basis of Presentation
Accounting Policies: Expenditures reported in the SEFSA are reported on the modified accrual basis of accounting. Such expenditurares 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 the State Single Audit
Implementation Act. Therefore some amounts presented in this schedule may differ from amounts presented
in or used in the preparation of the basic financial statements.
Title: 2. Summary of Signifcant Accounting Policies
Accounting Policies: Expenditures reported in the SEFSA are reported on the modified accrual basis of accounting. Such expenditurares 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 expenditurares 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: 3. Cluster of Programs
Accounting Policies: Expenditures reported in the SEFSA are reported on the modified accrual basis of accounting. Such expenditurares 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.