Notes to SEFA
Title: Summary Significant Accounting Policies and Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: White Pine County School District has elected not to use the 10 percent de minimis indirect cost rate as allowed
under the Uniform Guidance for the year ended June 30, 2023.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity
of the White Pine County School District under programs of the federal government for the year ended June 30,
2023. 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
White Pine County School District, it is not intended to and does not present the financial position or changes in
financial position of White Pine County School District.
Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such
expenditures are recognizedu following the cost principles contained in the Uniform Guidance, wherein certain
types of expenditures are not allowable or are limited as to reimbursement.
Title: Indirect Cost Rate
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: White Pine County School District has elected not to use the 10 percent de minimis indirect cost rate as allowed
under the Uniform Guidance for the year ended June 30, 2023.
White Pine County School District has elected not to use the 10 percent de minimis indirect cost rate as allowed
under the Uniform Guidance for the year ended June 30, 2023.
Title: Federal Loans and Loan Guarantee Programs Outstanding
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: White Pine County School District has elected not to use the 10 percent de minimis indirect cost rate as allowed
under the Uniform Guidance for the year ended June 30, 2023.
White Pine County School District had no balances of loan and loan guarantee programs outstanding as of June 30,
2023.