Notes to SEFA
Accounting Policies: Expenditures reported in the schedules are reported on the accrual basis of accounting. Such expenditures arerecognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures arenot allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Oshkosh Area School District has not elected to use the 10 percent de minims indirect cost rate as allowable under the Uniform Guidance.