Notes to SEFA
Title: Note 3- Program Costs
Accounting Policies: Note 1 Basis of Accounting This Schedule is prepared on the same basis of accounting as the districts financial statements. The district uses the modified accrual 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 auditee did not use the de minimis cost rate. Note 2 Federal De Minimis Indirect Cost Rate 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 or unrestricted rates, as applicable, of 3.36% and 14.88% respectively. The prior year federal unrestricted rate of 9.77% was used as the indirect cost rate for ALN 84.425D.
The amounts shown as current year expenditures represent only the federal award portion of the program costs. Entire program costs, including the districts share, may be more than shown. Such expenditures are recognized following, as applicable, either the cost principles in the OMB Circular A87, Cost Principles for State, Local, and Indian Tribal Governments; or 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.