Notes to SEFA
Title: NOTE 1—BASIS OF ACCOUNTING
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Ocosta School District’s financial statements. The uses the cash basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from nonfederal sources.
De Minimis Rate Used: N
Rate Explanation: The Ocosta School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Ocosta School District used the federal restricted rate of 2.06% and the federal unrestricted rate of 27.18%.
This Schedule is prepared on the same basis of accounting as the Ocosta School District’s financial statements. The uses the cash basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from nonfederal sources.
Title: NOTE 2—FEDERAL DE MINIMIS INDIRECT RATE
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Ocosta School District’s financial statements. The uses the cash basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from nonfederal sources.
De Minimis Rate Used: N
Rate Explanation: The Ocosta School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Ocosta School District used the federal restricted rate of 2.06% and the federal unrestricted rate of 27.18%.
The Ocosta School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Ocosta School District used the federal restricted rate of 2.06% and the federal unrestricted rate of 27.18%.
Title: NOTE 3 —NONCASH AWARDS
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Ocosta School District’s financial statements. The uses the cash basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from nonfederal sources.
De Minimis Rate Used: N
Rate Explanation: The Ocosta School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Ocosta School District used the federal restricted rate of 2.06% and the federal unrestricted rate of 27.18%.
The amount of commodities reported on the schedule is the value of commodities distributed by the Ocosta School District during the current year and priced as prescribed by OSPI and USDA.
Title: NOTE 4 —SCHOOLWIDE PROGRAMS
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Ocosta School District’s financial statements. The uses the cash basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from nonfederal sources.
De Minimis Rate Used: N
Rate Explanation: The Ocosta School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Ocosta School District used the federal restricted rate of 2.06% and the federal unrestricted rate of 27.18%.
The Ocosta School District operates a “schoolwide program”. Using federal funding, schoolwide programs are designed to upgrade an entire educational program within a school for all students, rather than limit services to certain targeted students. The following federal program amounts were expended by the Ocosta School District in its schoolwide program: Title I (84.010) $ 423,995.00; Migrant Education (84.011) $ 45,190.00.