Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported in the schedule are reported on the modified accrual basis of accounting. When
applicable, 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. No federal financial
assistance has been provided to a subrecipient.
De Minimis Rate Used: N
Rate Explanation: The District has not elected to use the ten percent de minimis cost rate.
The accompanying Schedule of Expenditures of Federal Awards (the schedule) includes the federal award
activity of the Cascade Union Elementary School District (the District) under programs of the federal government
for the year ended June 30, 2024. The information 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 the District, it is not intended to and does not present the financial position, changes in net
position or fund balance of the District.