Notes to SEFA
This Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Educational Service Ditrict’s financial statements. The ESD uses the accrual basis of accounting. Expenditures represent only the federally funded portions of the program. ESD records should be consulted to determine amounts expended or matched from non-federal sources.
The ESD has not elected to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance. The amount expended includes claims of indirect cost recovery generally using indirect cost rates of 6.38% (restricted rate) or 10.31% (unrestricted rate) approved by its cognizant agency.
The ESD has claimed indirect costs under this grant at the rate set by the grantor.
The amounts shown as current year expenditures represent only the federal award portion of the program costs. Entire program costs, including the ESD’s local matching share, may be more than shown. Such expenditures are recognized 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.