Notes to SEFA
Title: Accounting Policy
Accounting Policies: The accompanying schedule of expenditures of Federal awards (“SEFA”) includes the Federal grant activity of the District and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with 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).
De Minimis Rate Used: N
Rate Explanation: The United States Department of Education (ED) has approved a delegation agreement with the California Department of Education (CDE) that authorizes the CDE to establish indirect cost rates for California's local educational agencies (LEAs).
The accompanying schedule of expenditures of Federal awards (“SEFA”) includes the Federal grant activity of the District and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with 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). The amount of Federal revenue reported in the financial statements is $37,247 more than the total Federal expenditures on the SEFA due to a revenue recognition difference in Supply Chain Assistance, and the position taken by the Federal Communications Commission, excluding assistance listing number 32.004 from coverage under 2 CFR 200, Subpart F-Audit Requirements with the differences shown below: (see Notes to SEFA for chart/table)
Title: Deminimis IDCR
Accounting Policies: The accompanying schedule of expenditures of Federal awards (“SEFA”) includes the Federal grant activity of the District and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with 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).
De Minimis Rate Used: N
Rate Explanation: The United States Department of Education (ED) has approved a delegation agreement with the California Department of Education (CDE) that authorizes the CDE to establish indirect cost rates for California's local educational agencies (LEAs).
The District has not used the ten (10) percent deminimis indirect cost rate as allowed under the Uniform Guidance.