Notes to SEFA
Accounting Policies: Basis of Presentation - The information in the Schedule is presented in accordance with the cost principles contained in the
Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to
reimbursement.
Federal Financial Assistance - Pursuant to Uniform Guidance, federal financial assistance is defined as assistance provided by a federal
agency, either directly or indirectly, in the form of grants, contracts, cooperative agreements, loans, loan
guarantees, property, interest subsidies, insurance or direct appropriations. Accordingly, non-monetary
federal assistance, including federal surplus property, is included in federal financial assistance and,
therefore, is reported on the Schedule, if applicable. Federal financial assistance does not include direct
federal cash assistance to individuals. Solicited contracts between the state and federal government for
which the federal government procures tangible goods or services are not considered to be federal financial
assistance.
Major Programs - Uniform Guidance establishes criteria to be used in defining major federal financial assistance programs.
Major programs for the District are those programs selected for testing by the auditor using a riskassessment
model, as well as certain minimum expenditure requirements, as outlined in Uniform Guidance.
Programs with similar requirements may be grouped into a cluster for testing purposes.
Reporting Entity - The reporting entity is fully described in notes to the financial statements. Additionally, the Schedule
includes all federal programs administered by the District for the year ended June 30, 2024.
Revenue and Expenditure Recognition - The receipt and expenditure of federal awards are accounted for under the modified accrual basis of
accounting. Revenues are recorded as received in cash or on the accrual basis where expenditures are
incurred. Expenditures are recorded when the liability is incurred. Donated commodities are valued at their
estimated fair value.
De Minimis Rate Used: N
Rate Explanation: The District has not elected to use the 10 percent de minimis indirect cost rate as allowed under Uniform
Guidance due to the District having a negotiated indirect cost rate with Oregon Department of Education
and thus is not allowed to use the de minimis rate.