Audit 357355

Title: Note 1 – Basis of Accounting Accounting Policies: This Schedule is prepared on the same basis of accounting as the Puget Sound Educational Service district’s financial statements. The district uses the accrual basis of accounting used by the district. De Minimis Rate Used: N Rate Explanation: The District used the federal (restricted/unrestricted) rate of 7.18%/ 18.85%. The District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. This Schedule is prepared on the same basis of accounting as the Puget Sound Educational Service district’s financial statements. The district uses the accrual basis of accounting used by the district.

Title: Note 2 – Program Costs Accounting Policies: This Schedule is prepared on the same basis of accounting as the Puget Sound Educational Service district’s financial statements. The district uses the accrual basis of accounting used by the district. De Minimis Rate Used: N Rate Explanation: The District used the federal (restricted/unrestricted) rate of 7.18%/ 18.85%. The District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The amounts shown as current year expenditures represent only the federal grant portion of the program costs. Entire program costs, including the district’s portion, are more than shown. Such expenditures are recognized following, as applicable, either the cost principles in the OMB Circular A-87, Cost Principles for State, Local, and Indian Tribal Governments, of the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.

Title: Note 3 – Indirect Cost Rate Accounting Policies: This Schedule is prepared on the same basis of accounting as the Puget Sound Educational Service district’s financial statements. The district uses the accrual basis of accounting used by the district. De Minimis Rate Used: N Rate Explanation: The District used the federal (restricted/unrestricted) rate of 7.18%/ 18.85%. The District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The District used the federal (restricted/unrestricted) rate of 7.18%/ 18.85%. The District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.