Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types
of expenditures are not allowed or are limited as to reimbursement. Negative amounts shown on the schedule
represent adjustments or credits made in the normal course of business to amounts reported as expenditures in
prior years. The entity has not elected to use the ten percent de minimus indirect cost rate as allowed under
Uniform Guidance, due to the fact that they already have a negotiated indirect cost rate with Oregon Department of
Education, and thus is not allowed to use the de minimus rate.
De Minimis Rate Used: N
Rate Explanation: The entity has not
elected to use the ten percent de minimus indirect cost rate as allowed under Uniform Guidance, due to the fact that
they already have a negotiated indirect cost rate with Oregon Department of Education, and thus is not allowed to use
the de minimus rate.
The accompanying schedule of expenditures of federal awards includes the federal grant activity and is presented
on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the
audit 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, it is not intended to and does not present the net position, changes in net
position, or cash flows of the entity.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types
of expenditures are not allowed or are limited as to reimbursement. Negative amounts shown on the schedule
represent adjustments or credits made in the normal course of business to amounts reported as expenditures in
prior years. The entity has not elected to use the ten percent de minimus indirect cost rate as allowed under
Uniform Guidance, due to the fact that they already have a negotiated indirect cost rate with Oregon Department of
Education, and thus is not allowed to use the de minimus rate.
De Minimis Rate Used: N
Rate Explanation: The entity has not
elected to use the ten percent de minimus indirect cost rate as allowed under Uniform Guidance, due to the fact that
they already have a negotiated indirect cost rate with Oregon Department of Education, and thus is not allowed to use
the de minimus rate.
Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types
of expenditures are not allowed or are limited as to reimbursement. Negative amounts shown on the schedule
represent adjustments or credits made in the normal course of business to amounts reported as expenditures in
prior years. The entity has not elected to use the ten percent de minimus indirect cost rate as allowed under
Uniform Guidance, due to the fact that they already have a negotiated indirect cost rate with Oregon Department of
Education, and thus is not allowed to use the de minimus rate.