Notes to SEFA
Title: NOTE 1 - PURPOSE OF SCHEDULES
Accounting Policies: The Schedule of Expenditures of Federal Awards includes
the federal award activity of the County Office and is presented on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The County Office has elected not to use the 10-percent de minimus indirect cost rate
allowed in the Uniform Guidance.
Schedule of Expenditures of Federal Awards: The Schedule of Expenditures of Federal Awards includes
the federal award activity of the County Office and is presented on the 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). 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. The County Office has elected not to use the 10-percent de minimus indirect cost rate
allowed in the Uniform Guidance.
Title: NOTE 2 - EARLY RETIREMENT INCENTIVE PROGRAM
Accounting Policies: The Schedule of Expenditures of Federal Awards includes
the federal award activity of the County Office and is presented on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The County Office has elected not to use the 10-percent de minimus indirect cost rate
allowed in the Uniform Guidance.
Education Code Section 14502 requires certain disclosures in the financial statements of county offices of
education which adopt Early Retirement Incentive Programs pursuant to Education Code Sections 22714
and 44929. For the fiscal year ended June 30, 2024, the County Office did not adopt such a program.