Notes to SEFA
Title: Note 1 - Basis of Presentation
Accounting Policies: Expenditures
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 where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Clinton County Regional Educational Service Agency has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform
Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Clinton County Regional
Educational Service Agency under programs of the federal government for the year ended June 30, 2024. 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 Clinton County Regional Educational Service Agency, it is not intended to and does not present the financial position or changes in net position of
Clinton County Regional Educational Service Agency.
Title: Note 2 - Summary of Significant Accounting Policies
Accounting Policies: Expenditures
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 where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Clinton County Regional Educational Service Agency has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform
Guidance.
Expenditures
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 where certain types of expenditures are not allowable or are limited as to reimbursement.
Indirect Cost Rate
Clinton County Regional Educational Service Agency has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform
Guidance.
Title: Note 3 - Subrecipients
Accounting Policies: Expenditures
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 where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Clinton County Regional Educational Service Agency has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform
Guidance.
Amounts were provided to subrecipients as follows: See the Notes to the SEFA for chart/table
Title: Note 4 - Michigan Department of Education Disclosures
Accounting Policies: Expenditures
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 where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Clinton County Regional Educational Service Agency has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform
Guidance.
The amounts reported on the grant auditor report are in agreement with the schedule of expenditures of federal awards.