Notes to SEFA
Accounting Policies: The schedule of expenditures of federal awards includes the federal grant activity and is presented on the
modified accrual basis of accounting. The information in this schedule is presented in accordance with the audit
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). Therefore, some amounts
presented in this schedule may differ from mnounts presented in, or used in the preparation of, the basic financial
statements.
De Minimis Rate Used: N
Rate Explanation: Expenditures reported on the schedule of expenditure of federal awards are reported on the modified accrual
basis of accounting. Such expenditures are recognized following the cost principles contained in the Unifonn
Guidance, wherein certain types of expenditures are not allowed or are limited as lo 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. The District has elected not to use the ten present de minimis
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 minimis rate.