Notes to SEFA
Title: Expenditures to Subrecipients
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of
accounting. Such expenditures are recognized following the cost principles
contained in the Uniform Guidance and/or OMB Circular A-87, Cost Principles for
State, Local and Indian Tribal Governments, wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The U.S. Department of Education (USED) has delegated to the State of
Vermont Agency of Education the authority to issue indirect cost rates to all Local
Education Agencies (LEAs) based on a plan approved by the USED. Therefore,
the Windsor Central Supervisory Union does not use the 10% de minimis indirect
cost rate as allowed under the Uniform Guidance.
See the Notes to the SEFA for chart/table