Notes to SEFA
Title: Basis of Presentation
Accounting Policies: 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 allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Jackson County Board of Education is using an indirect cost rate approved by the State of Alabama Department of Education.
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal award activity
of the Jackson County Board of Education under programs of the federal government for the year ended September 30,
23. The information in this Schedule is presented in accordance with the 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). Because the Schedule presents only a selected portion of the operations of the Jackson County Board of Education, it is not intended to and does not present the financial position or changes in net position of the Jackson County Board of Education.