Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The SEFA is prepared by the Organization's Controller based on payment summary information received from the State of California Depertment of Education that designates Federal source dollars.
De Minimis Rate Used: N
Rate Explanation: The Pass-thru entity (State of California) allows a maximum of 15% of total cost for Administrative costs.
Describes content of SEFA schedule and that it meets the Uniform Guidance.
Title: Summary of Significant Accounting Policies
Accounting Policies: The SEFA is prepared by the Organization's Controller based on payment summary information received from the State of California Depertment of Education that designates Federal source dollars.
De Minimis Rate Used: N
Rate Explanation: The Pass-thru entity (State of California) allows a maximum of 15% of total cost for Administrative costs.
Expains financial data is reported on the accrual basis and in accordance with the Uniform Guidance cost principles.
Title: Indirect Cost Rate
Accounting Policies: The SEFA is prepared by the Organization's Controller based on payment summary information received from the State of California Depertment of Education that designates Federal source dollars.
De Minimis Rate Used: N
Rate Explanation: The Pass-thru entity (State of California) allows a maximum of 15% of total cost for Administrative costs.
Discloses that the Organization has not elected to use the de minimis 10% rate for indirect cost.