Notes to SEFA
Title: NOTE 1 - REPORTING ENTITY BASIS OF PRESENTATION AND ACCOUNTING
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.
The Regional Office of Education No. 17 has elected not to use the 10 percent de minimis indirect
cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: N/A
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the
federal award activity of the Regional Office of Education No. 17 under programs of the federal
government for the year ended June 30, 2024. 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). Because the schedule presents only a selected portion of the operations of
the Regional Office of Education No. 17, it is not intended to and does not present the financial
position, changes in net position, or cash flows of the Regional Office of Education No. 17.
Title: NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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.
The Regional Office of Education No. 17 has elected not to use the 10 percent de minimis indirect
cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: N/A
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.
The Regional Office of Education No. 17 has elected not to use the 10 percent de minimis indirect
cost rate allowed under the Uniform Guidance.
Title: NOTE 3 – ON-BEHALF PAYMENTS
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.
The Regional Office of Education No. 17 has elected not to use the 10 percent de minimis indirect
cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: N/A
The Federal Communication Commission’s E-Rate program paid $2,461 directly to vendors for
equipment on-behalf of the Regional Office.