Notes to SEFA
Title: Transfers Between Program years
Accounting Policies: Expenditures reported on the schedule are reported on the cash basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10-percent de minimis indirect cost rate.
Federal regulations require schools to obligate certain federal wards by June 30. However, with ODE's consent, schools can transfer unobligated amounts to the subsequent fiscal years program. The service center transferred the following amounts form 2024 to 2025 programs: