Notes to SEFA
Accounting Policies: 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.
Menominee Area Public Schools has not elected to use the 10 percent de minims indirect cost rate as allowable under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: N/A