Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Basis of presentation – The accompanying Schedule of Expenditures of Federal Awards (“Schedule”) includes
the Federal grant activity of the Alameda Unified School District (the “District”) and is presented on the modified
accrual basis of accounting. The information in this schedule 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 net position, changes in net position, or
cash flows of the District.
Summary of Significant Accounting Policies – Expenditures reported on the Schedule 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.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10 percent de minimis indirect cost rate allowed in the Uniform Guidance
The following schedule provides reconciliation between revenues reported on the Statement of Revenues,
Expenditures, and Changes in Fund Balance, and the related expenditures reported on the Schedule of
Expenditures of Federal Awards. The reconciling amounts represent Federal funds that have been recorded as
revenues in a prior year that have been expended by June 30, 2024 or Federal funds that have been recorded as
revenues in the current year and were not expended by June 30, 2024.