Notes to SEFA
Title: Basis of presentation
Accounting Policies: 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.
Therefore, some amounts presented in this schedule may differ from amounts presented in, or
used in the preparation of, the financial statements.
De Minimis Rate Used: Y
Rate Explanation: The District elected to use the 10 percent de minimis indirect cost rate as covered in 2 CFR
§200.414.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of
Coconino County Community College District 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 (CFR) Part 200, Uniform Administrative R
Title: Federal Assistance Listings numbers
Accounting Policies: 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.
Therefore, some amounts presented in this schedule may differ from amounts presented in, or
used in the preparation of, the financial statements.
De Minimis Rate Used: Y
Rate Explanation: The District elected to use the 10 percent de minimis indirect cost rate as covered in 2 CFR
§200.414.
The program titles and Federal Assistance Listing numbers were obtained from the federal or
pass-through grantor or the 2024 Federal Assistance Listings.