Notes to SEFA
Accounting Policies: Schedule of Expenditure of Federal Awards: The Schedule of Expenditure of Federal Awards includes thefederal award activity of the Office of Education, and is presented on the accrual basis of accounting. Theinformation in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements forFederal Awards (Uniform Guidance). Expenditures are recognized following the cost principles containedin the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as toreimbursement. The Office of Education has elected not to use the 10-percent de minimis indirect cost rateallowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.