Notes to SEFA
Accounting Policies: NOTE 2. SIGNIFICANT ACCOUNTING POLICIESA. Basis of Presentation - The accompanying schedule of expenditures offederal awards (the schedule) includes the federal award activity of UintahSchool District under programs of the federal government for the year endedJune 30, 2022. The information in this schedule is presented in accordancewith the requirements of Title 2 U.S. Code of Federal Regulations Part 200,Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards (Uniform Guidance). Because the schedulepresents only a selected portion of the operations of Uintah School District, itis not intended to and does not present the financial position, changes in netassets, or cash flows of Uintah School District. The Schedule presents theactivity of all federal award programs of the District. Of the federalexpenditures reported in the schedule, the District provided no federal awardsto subrecipients.Federal Financial Assistance - Pursuant to the Uniform Guidance, federalfinancial assistance is defined as assistance provided by a federal agency,either directly or indirectly, in the form of grants, contracts, cooperativeagreements, loans, loan guarantees, property, interest subsidies, insurance, ordirect appropriations. Accordingly, non-monetary federal awards, includingfederal surplus property, are included in federal awards and, therefore, arereported on the Schedule. Federal awards do not include direct federal cashassistance to individuals. Solicited contracts between the State and FederalGovernment for which the Federal Government procures tangible goods orservices are not considered to be federal awards.Major and Nonmajor Programs Uniform Guidance establishes the levels ofexpenditures or expenses to be used in defining major and nonmajor federalawards programs.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.