Notes to SEFA
Title: Federal Reimbursement
Accounting Policies: The information is presented in accordance with the requirements of Title 2 US Code of Federal Regulations Part 200, Uniform Administrative requirements, cost principles, and audit requirements for federal awards. Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: Y
Rate Explanation: The School District has elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Federal reimbursements are not based upon specific expenditures. Therefore, the amount reported here represent cash received rather than federal expenditures.
Title: Federal Reimbursement
Accounting Policies: The information is presented in accordance with the requirements of Title 2 US Code of Federal Regulations Part 200, Uniform Administrative requirements, cost principles, and audit requirements for federal awards. Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: Y
Rate Explanation: The School District has elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
This represents a Major Federal Financial Assistance Program.