Notes to SEFA
Title: Purpose of Schedules
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.
Basis of Presentation
The accompanying Schedule of Expenditures of Federal Awards (SEFA) includes the federal award activity of the
Columbia 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 or changes in net position and fund
balance of the District.