Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the InterMountain ESD under programs of the federal government for the year ended June 30, 2024. The information is presente don 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 InterMountain ESD, it is not intended to and does not present the financial position, changes in net assets, or cash flows of InterMountain ESD.
De Minimis Rate Used: N
Rate Explanation: InterMountain ESD has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.