Notes to SEFA
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures
are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of
expenditures are not allowed or are limited as to reimbursement. Negative amounts shown on the schedule represent
adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The entity has not elected to use the ten percent de minimus indirect cost rate as allowed under Uniform Guidance,
due to the fact that they already have a negotiated indirect cost rate with Oregon Department of Education, and thus
is not allowed to use the de minimus rate.
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