Notes to SEFA
This Schedule is prepared on the same basis of accounting as the District’s financial statements. The District uses the Cash Basis of accounting.
The District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The amount expended includes zero claimed as an indirect cost recovery using an approved indirect cost rate of 0 percent.
The District received equipment that was purchased with federal Homeland Security funds by the State of Washington. The amount reported on the Schedule is the value of the property on the date it was received by the District and priced by the State of Washington.
The amounts shown as current year expenditures represent only the federal award portion of the program costs. Entire program costs, including the District’s portion, are more than shown. Such expenditures are recognized following, following 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.