Notes to SEFA
Title: Note 1 - Bais of Accounting
Accounting Policies: This Schedule is prepared on the same basis of accounting
as the district’s financial statements. The district uses the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The district has not elected to use the 10-percent de minimis
indirect cost rate allowed under the Uniform Guidance. The District used the following Federal Restricted and Unrestricted Rates:
Fiscal Year Restricted Rate Unrestricted Rate
FY 2022-2023 2.91% 18.84%
This Schedule is prepared on the same basis of accounting as the Tukwila School District’s financial statements. The Tukwila School District uses the modified accrual basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from non-federal sources.
Title: Note 2 - Federal De Minimis Indirect Cost Rate
Accounting Policies: This Schedule is prepared on the same basis of accounting
as the district’s financial statements. The district uses the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The district has not elected to use the 10-percent de minimis
indirect cost rate allowed under the Uniform Guidance. The District used the following Federal Restricted and Unrestricted Rates:
Fiscal Year Restricted Rate Unrestricted Rate
FY 2022-2023 2.91% 18.84%
Tukwila School District has not elected to use the 10—percent de minimis indirect cost rate allowed under the Uniform Guidance. Tukwila School District used the following Federal Restricted and Unrestricted Rates:
Fiscal Year Restricted Rate Unrestricted Rate
FY 2022-2023 2.91% 18.84%
Title: Note 3 - Unit Cost Contracts
Accounting Policies: This Schedule is prepared on the same basis of accounting
as the district’s financial statements. The district uses the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The district has not elected to use the 10-percent de minimis
indirect cost rate allowed under the Uniform Guidance. The District used the following Federal Restricted and Unrestricted Rates:
Fiscal Year Restricted Rate Unrestricted Rate
FY 2022-2023 2.91% 18.84%
Under certain programs, the district receives a fixed amount for the activity, regardless of the district’s expenditures. Expenditures for these programs are listed in the amount received from the grantor.
Title: Note 4 - Program Costs/Matching Contributions
Accounting Policies: This Schedule is prepared on the same basis of accounting
as the district’s financial statements. The district uses the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The district has not elected to use the 10-percent de minimis
indirect cost rate allowed under the Uniform Guidance. The District used the following Federal Restricted and Unrestricted Rates:
Fiscal Year Restricted Rate Unrestricted Rate
FY 2022-2023 2.91% 18.84%
The amounts shown as current year expenses represent only the federal award portion of the program costs. Entire program costs, including the Tukwila School District’s local matching share, may be more than shown. Such expenditures are recognized following, the cost principles contained in Title 2, U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.