Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Chaffee R-II School District under programs of the federal government for the year ended June 30, 2025. The information in this Schedule is presented in accordance with the requirement of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principle, and Audit Requirements for Federal Awards. Because the Schedule presents only a selected portion of the operations of Chaffee R-II School District, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Chaffee R-II School District.
Chaffee R-II School District has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.