Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “schedule”) includes the federal grant activity of Carbon Cliff-Barstow School District No. 36 under programs of the federal government for the year ended June 30, 2025. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 210, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of Carbon Cliff-Barstow School District No. 36, it is not intended to and does not present the financial position, changes in net position or cash flows of Carbon Cliff-Barstow School District No. 36.
Expenditures reported on the schedule are reported on the cash basis of accounting which is a basis of accounting other than accounting principles generally accepted in the United States of America. Accordingly, revenue is recognized and recorded in the account when cash is received. In the same manner, expenditures are recognized and recorded upon the disbursement of cash. The cash basis of accounting does not give effect to accounts receivable, accounts payable and accrued items. Disbursements are recognized following cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The District has elected not to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance.