Notes to SEFA
Accounting Policies: 1. BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards includes federal grant activity under programsof the federal government. The information in this schedule is presented in accordance with the auditrequirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements,Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedulepresents only a selected portion of the operations, it is not intended to and does not present the net position,changes in net position, or cash flows of the entity.2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures reported on the schedule are reported on the modified accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certaintypes of expenditures are not allowed or are limited as to reimbursement. Negative amounts shown on theschedule represent adjustments or credits made in the normal course of business to amounts reported asexpenditures in prior years. The entity has not elected to use the ten percent de minimus indirect cost rate asallowed under Uniform Guidance, due to the fact that they already have a negotiated indirect cost rate withOregon Department of Education, and thus are not allowed to use the de minimus rate.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.