Notes to SEFA
Title: NOTE 1 - PURPOSE OF SCHEDULES
Accounting Policies: The Schedule of Expenditure of Federal Awards includes the
federal award activity of Fairfield-Suisun Unified School District, and is presented on the accrual basis of
accounting.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10-percent de minimus indirect cost
rate allowed under the Uniform Guidance. The District has no subrecipients.
Schedule of Expenditures of Federal Awards: The Schedule of Expenditure of Federal Awards includes the
federal award activity of Fairfield-Suisun Unified School District, and is presented on the accrual basis of
accounting. The information in this schedule is presented in accordance with the requirements of Title 2
U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and
Audit Requirements for Federal Awards (Uniform Guidance). Expenditures are recognized following the
cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable
or are limited to reimbursement. The District has elected not to use the 10-percent de minimus indirect cost
rate allowed under the Uniform Guidance. The District has no subrecipients.
Title: NOTE 2 - EARLY RETIREMENT INCENTIVE PROGRAM
Accounting Policies: The Schedule of Expenditure of Federal Awards includes the
federal award activity of Fairfield-Suisun Unified School District, and is presented on the accrual basis of
accounting.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10-percent de minimus indirect cost
rate allowed under the Uniform Guidance. The District has no subrecipients.
Education Code Section 14502 requires certain disclosure in the financial statements of districts which
adopt Early Retirement Incentive Programs pursuant to Education Code Section 22714 and 44929. For the
fiscal year ended June 30, 2023, the District did not adopt such a program.