Notes to SEFA
Accounting Policies: Expenditures reported on the schedules 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: The School District of Crandon has elected not to use the 10 percent de minims indirect cost rate as allowableunder the Uniform Guidance.