Notes to SEFA
Accounting Policies: The schedule of expenditures of federal awards included in this report includes federal grant activity and is presented
on the . modified accrnal basis of accounting. The infonnation in this schedule is presented in accordance with the
audit requirementc; 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 amounts presented in, or used in the preparation ot~ the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: Expenclirures 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 to reimbursement. Negative amounts shown on
ci1e schedule represent adjustments or credits made in the normal course of business to amounts repo1ied a:;
expenditures in prior years. The District has elected not to use the ten percent de minimis indirect cost rale as allowed
under Uniform Guidance, due to the fa.ct that they already have a negotiated indirect cost rate with Oregon
Department of Education, and thus is not allowed to use the de minim is rate.