Notes to SEFA
Title: Non-Cash Assistance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Herrin Community Unit School District #4 and is presented on the modified cash basis of accounting that demonstrates compliance with regulatory provisions rescribed by the Illinois State Board of Education, which is comprehensive basis of accounting other than accounting principles generally accepted in the United States of America. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requrirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The following amounts were expended in the form on non-cash assistance by Herrin Community Unit School District #4 and should be included in the Schedule of Expenditures of Federal Awards: NON-CASH COMMODITIES (CFDA 10.555):$98,841; OTHER NON-CASH ASSISTANCE -DEPT. OF DEFENSE FRUITS & VEGETABLES (CFDA 10.582): $92,267; Total Non-Cash$191,108