Notes to SEFA
Title: Note 3 Program Costs
Accounting Policies: The schedule of expenditures of federal awards is prepared on the same basis of accounting as the District’s financial statements. The District uses the cash basis of accounting which is a departure from accounting principles generally accepted in the United States of America (GAAP).
De Minimis Rate Used: N
Rate Explanation: The District has not elected to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance.
The amount expended includes up to 40.83% of salary and benefit cost as an indirect cost using a Washington State Department of Health approved indirect rate. Some federal and state programs allow less than this rate.
The amount shown as current year expenditures represents only the federal grant portion of
the program costs. Entire program costs, including the District’s portion, may be more than
shown.