Notes to SEFA
Title: 1. Basis of presentation
Accounting Policies: Accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: The District has not elected to use the 10 percent deminimis 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 Clackamas County Fire District #1 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 Clackamas County Fire District #1, it is not intended to and does not present
the financial position, changes in net position, or cash flows of Clackamas County
Fire District #1.
Title: 2. Summary of significant accounting policies
Accounting Policies: Accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: The District has not elected to use the 10 percent deminimis indirect cost rate as allowed under the 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: 3. Indirect cost rate
Accounting Policies: Accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: The District has not elected to use the 10 percent deminimis indirect cost rate as allowed under the Uniform Guidance.
The District has not elected to use the 10 percent deminimis indirect cost rate as allowed
under the Uniform Guidance.