Title: NOTE 1 BASIS OF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant
activity of the Sangre de Cristo School District Number RE-22J and is presented on the
modified accrual basis of accounting. The information is presented in accordance with the
requirements of Title 2 U.S. Code of Federal Part 200, Uniform Administrative Requirements,
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 general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The District has recovered indirect cost from grant funds at an amount no greater than
that allowed by the Colorado Department of Education and has not elected to use the 10% de
minimis indirect cost rate allowed by Uniform Guidance.
The accompanying schedule of expenditures of federal awards includes the federal grant
Title: NOTE 1 BASIS OF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant
activity of the Sangre de Cristo School District Number RE-22J and is presented on the
modified accrual basis of accounting. The information is presented in accordance with the
requirements of Title 2 U.S. Code of Federal Part 200, Uniform Administrative Requirements,
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 general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The District has recovered indirect cost from grant funds at an amount no greater than
that allowed by the Colorado Department of Education and has not elected to use the 10% de
minimis indirect cost rate allowed by Uniform Guidance.
activity of the Sangre de Cristo School District Number RE-22J and is presented on the
Title: NOTE 1 BASIS OF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant
activity of the Sangre de Cristo School District Number RE-22J and is presented on the
modified accrual basis of accounting. The information is presented in accordance with the
requirements of Title 2 U.S. Code of Federal Part 200, Uniform Administrative Requirements,
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 general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The District has recovered indirect cost from grant funds at an amount no greater than
that allowed by the Colorado Department of Education and has not elected to use the 10% de
minimis indirect cost rate allowed by Uniform Guidance.
modified accrual basis of accounting. The information is presented in accordance with the
Title: NOTE 1 BASIS OF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant
activity of the Sangre de Cristo School District Number RE-22J and is presented on the
modified accrual basis of accounting. The information is presented in accordance with the
requirements of Title 2 U.S. Code of Federal Part 200, Uniform Administrative Requirements,
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 general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The District has recovered indirect cost from grant funds at an amount no greater than
that allowed by the Colorado Department of Education and has not elected to use the 10% de
minimis indirect cost rate allowed by Uniform Guidance.
requirements of Title 2 U.S. Code of Federal Part 200, Uniform Administrative Requirements,
Title: NOTE 1 BASIS OF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant
activity of the Sangre de Cristo School District Number RE-22J and is presented on the
modified accrual basis of accounting. The information is presented in accordance with the
requirements of Title 2 U.S. Code of Federal Part 200, Uniform Administrative Requirements,
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 general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The District has recovered indirect cost from grant funds at an amount no greater than
that allowed by the Colorado Department of Education and has not elected to use the 10% de
minimis indirect cost rate allowed by Uniform Guidance.
Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts
Title: NOTE 1 BASIS OF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant
activity of the Sangre de Cristo School District Number RE-22J and is presented on the
modified accrual basis of accounting. The information is presented in accordance with the
requirements of Title 2 U.S. Code of Federal Part 200, Uniform Administrative Requirements,
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 general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The District has recovered indirect cost from grant funds at an amount no greater than
that allowed by the Colorado Department of Education and has not elected to use the 10% de
minimis indirect cost rate allowed by Uniform Guidance.
presented in this schedule may differ from amounts presented in, or used in the preparation
Title: NOTE 1 BASIS OF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant
activity of the Sangre de Cristo School District Number RE-22J and is presented on the
modified accrual basis of accounting. The information is presented in accordance with the
requirements of Title 2 U.S. Code of Federal Part 200, Uniform Administrative Requirements,
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 general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The District has recovered indirect cost from grant funds at an amount no greater than
that allowed by the Colorado Department of Education and has not elected to use the 10% de
minimis indirect cost rate allowed by Uniform Guidance.
of the general purpose financial statements.
Title: NOTE 2 INDIRECT COST RATES
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant
activity of the Sangre de Cristo School District Number RE-22J and is presented on the
modified accrual basis of accounting. The information is presented in accordance with the
requirements of Title 2 U.S. Code of Federal Part 200, Uniform Administrative Requirements,
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 general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The District has recovered indirect cost from grant funds at an amount no greater than
that allowed by the Colorado Department of Education and has not elected to use the 10% de
minimis indirect cost rate allowed by Uniform Guidance.
All grants being charged indirect cost have been received through the Colorado Department
Title: NOTE 2 INDIRECT COST RATES
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant
activity of the Sangre de Cristo School District Number RE-22J and is presented on the
modified accrual basis of accounting. The information is presented in accordance with the
requirements of Title 2 U.S. Code of Federal Part 200, Uniform Administrative Requirements,
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 general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The District has recovered indirect cost from grant funds at an amount no greater than
that allowed by the Colorado Department of Education and has not elected to use the 10% de
minimis indirect cost rate allowed by Uniform Guidance.
of Education. The Department calculates an allowable indirect cost rate for individual subrecipients
Title: NOTE 2 INDIRECT COST RATES
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant
activity of the Sangre de Cristo School District Number RE-22J and is presented on the
modified accrual basis of accounting. The information is presented in accordance with the
requirements of Title 2 U.S. Code of Federal Part 200, Uniform Administrative Requirements,
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 general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The District has recovered indirect cost from grant funds at an amount no greater than
that allowed by the Colorado Department of Education and has not elected to use the 10% de
minimis indirect cost rate allowed by Uniform Guidance.
and mandates that the rate be used as the maximum for the recovery of indirect
Title: NOTE 2 INDIRECT COST RATES
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant
activity of the Sangre de Cristo School District Number RE-22J and is presented on the
modified accrual basis of accounting. The information is presented in accordance with the
requirements of Title 2 U.S. Code of Federal Part 200, Uniform Administrative Requirements,
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 general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The District has recovered indirect cost from grant funds at an amount no greater than
that allowed by the Colorado Department of Education and has not elected to use the 10% de
minimis indirect cost rate allowed by Uniform Guidance.
cost. The District has recovered indirect cost from grant funds at an amount no greater than
Title: NOTE 2 INDIRECT COST RATES
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant
activity of the Sangre de Cristo School District Number RE-22J and is presented on the
modified accrual basis of accounting. The information is presented in accordance with the
requirements of Title 2 U.S. Code of Federal Part 200, Uniform Administrative Requirements,
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 general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The District has recovered indirect cost from grant funds at an amount no greater than
that allowed by the Colorado Department of Education and has not elected to use the 10% de
minimis indirect cost rate allowed by Uniform Guidance.
that allowed by the Colorado Department of Education and has not elected to use the 10% de
Title: NOTE 2 INDIRECT COST RATES
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant
activity of the Sangre de Cristo School District Number RE-22J and is presented on the
modified accrual basis of accounting. The information is presented in accordance with the
requirements of Title 2 U.S. Code of Federal Part 200, Uniform Administrative Requirements,
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 general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The District has recovered indirect cost from grant funds at an amount no greater than
that allowed by the Colorado Department of Education and has not elected to use the 10% de
minimis indirect cost rate allowed by Uniform Guidance.
minimis indirect cost rate allowed by Uniform Guidance.
Title: NOTE 3 FOOD DISTRIBUTION
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant
activity of the Sangre de Cristo School District Number RE-22J and is presented on the
modified accrual basis of accounting. The information is presented in accordance with the
requirements of Title 2 U.S. Code of Federal Part 200, Uniform Administrative Requirements,
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 general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The District has recovered indirect cost from grant funds at an amount no greater than
that allowed by the Colorado Department of Education and has not elected to use the 10% de
minimis indirect cost rate allowed by Uniform Guidance.
Non-monetary assistance is reported in the schedule at the fair market value of commodities
Title: NOTE 3 FOOD DISTRIBUTION
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant
activity of the Sangre de Cristo School District Number RE-22J and is presented on the
modified accrual basis of accounting. The information is presented in accordance with the
requirements of Title 2 U.S. Code of Federal Part 200, Uniform Administrative Requirements,
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 general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The District has recovered indirect cost from grant funds at an amount no greater than
that allowed by the Colorado Department of Education and has not elected to use the 10% de
minimis indirect cost rate allowed by Uniform Guidance.
received.
Title: NOTE 4 SUBRECIPIENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant
activity of the Sangre de Cristo School District Number RE-22J and is presented on the
modified accrual basis of accounting. The information is presented in accordance with the
requirements of Title 2 U.S. Code of Federal Part 200, Uniform Administrative Requirements,
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 general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The District has recovered indirect cost from grant funds at an amount no greater than
that allowed by the Colorado Department of Education and has not elected to use the 10% de
minimis indirect cost rate allowed by Uniform Guidance.
The District did not pass through any grant amounts to subrecipients for the year ended June
Title: NOTE 4 SUBRECIPIENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant
activity of the Sangre de Cristo School District Number RE-22J and is presented on the
modified accrual basis of accounting. The information is presented in accordance with the
requirements of Title 2 U.S. Code of Federal Part 200, Uniform Administrative Requirements,
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 general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The District has recovered indirect cost from grant funds at an amount no greater than
that allowed by the Colorado Department of Education and has not elected to use the 10% de
minimis indirect cost rate allowed by Uniform Guidance.
30, 2023.