Notes to SEFA
Accounting Policies: Expenditures reported on the Schedule are reported on the modified cash basis of accounting. 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.
De Minimis Rate Used: N
Rate Explanation: Educational Service Unit No. 6, Milford, Nebraska has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance and instead uses a specified indirect cost rate of 8% approved by the Nebraska Department of Education.