Notes to SEFA
Title: Note A Basis of Presentation
Accounting Policies: Expenditures are reported on the accrual basis of accounting and are recognized following cost principles found in the Uniform Guidance for allowability.
De Minimis Rate Used: N
Rate Explanation: Head Start of Lane County did not elect to use the 10 percent de minimus indirect cost rate as allowed under Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award
activity of Head Start of Lane County under programs of the federal government for the year ended June 30,
2021. 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
Head Start of Lane County; it is not intended to and does not present the financial position, changes in net assets
or cash flows of Head Start of Lane County.
Title: Note B Summary of Significant Accounting Policies
Accounting Policies: Expenditures are reported on the accrual basis of accounting and are recognized following cost principles found in the Uniform Guidance for allowability.
De Minimis Rate Used: N
Rate Explanation: Head Start of Lane County did not elect to use the 10 percent de minimus indirect cost rate as allowed under Uniform Guidance.
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, wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
Title: Note C Subrecipients
Accounting Policies: Expenditures are reported on the accrual basis of accounting and are recognized following cost principles found in the Uniform Guidance for allowability.
De Minimis Rate Used: N
Rate Explanation: Head Start of Lane County did not elect to use the 10 percent de minimus indirect cost rate as allowed under Uniform Guidance.
Head Start of Lane County does not have any subrecipients and therefore has not incurred subrecipient
expenditures.