Notes to SEFA
Title: NOTE 1 - PURPOSE OF SCHEDULES
Accounting Policies: Schedule of Expenditure of Federal Awards: The Schedule of Expenditure of Federal Awards includes the
federal award activity of Dry Creek Joint Elementary School District and is presented on the accrual basis
of accounting. 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). 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.
De Minimis Rate Used: N
Rate Explanation: As a sub- recipient of the State of California the District is using the
approved indirect cost rate provided by the California Department of Education rather than the 10-percent
de minimis indirect cost rate as allowed under the Uniform Guidance
Schedule of Average Daily Attendance: Average daily attendance is a measurement of the number of pupils
attending classes of the District. The purpose of attendance accounting from a fiscal standpoint is to provide
the basis on which apportionments of state funds are made to school districts. This schedule provides
information regarding the attendance of students at various grade levels and in different programs.
Schedule of Instructional Time: The District has received incentive funding for increasing instructional time
as provided by the Incentives for Longer Instructional Day. This schedule presents information on the
amount of instructional time offered by the District, and whether the District complied with the provisions of
Education Code Sections 46201 through 46206.
Schedule of Expenditure of Federal Awards: The Schedule of Expenditure of Federal Awards includes the
federal award activity of Dry Creek Joint Elementary School District and is presented on the accrual basis
of accounting. 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). 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. As a sub- recipient of the State of California the District is using the
approved indirect cost rate provided by the California Department of Education rather than the 10-percent
de minimis indirect cost rate as allowed under the Uniform Guidance.
Reconciliation of Unaudited Actual Financial Report with Audited Financial Statements: This schedule
provides the information necessary to reconcile the fund balances of all funds and the total long-term
liabilities as reported on the Unaudited Actual Financial Report to the audited financial statements.
Schedule of Financial Trends and Analysis (Unaudited): This schedule provides information on the District’s
financial condition over the past three years and its anticipated condition for the 2024-25 fiscal year, as
required by the State Controller’s Office. The information in the schedule has been derived from audited
information.
Schedule of Charter Schools: This schedule provides information for the California Department of Education
to monitor financial reporting by Charter Schools
Title: NOTE 2 - EARLY RETIREMENT INCENTIVE PROGRAM
Accounting Policies: Schedule of Expenditure of Federal Awards: The Schedule of Expenditure of Federal Awards includes the
federal award activity of Dry Creek Joint Elementary School District and is presented on the accrual basis
of accounting. 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). 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.
De Minimis Rate Used: N
Rate Explanation: As a sub- recipient of the State of California the District is using the
approved indirect cost rate provided by the California Department of Education rather than the 10-percent
de minimis indirect cost rate as allowed under the Uniform Guidance
Education Code Section 14502 requires certain disclosure in the financial statements of districts which
adopt Early Retirement Incentive Programs pursuant to Education Code Section 22714 and 44929. For the
fiscal year ended June 30, 2024, the District did not adopt this program.