Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Modified cash
De Minimis Rate Used: N
Rate Explanation: No indirect costs allocated
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Enterprise School District #21 and is presented on the modified cash basis of accounting as described in note 1 to the basic financial statements. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Title: Summary of Significant Accounting Policies
Accounting Policies: Modified cash
De Minimis Rate Used: N
Rate Explanation: No indirect costs allocated
Expenditures reported on the Schedule are reported on the basis of accounting described in Note 1 to the financial statements. 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. All federal awards received through pass-through the agencies with the State of Oregon, with the exception of the Schools and Roads - Grants to States - CFDA #10.665. That amount is a direct award from the federal government. Enterprise School District #21 has not elected to use the 10% de minimis indirect cost rate.