Notes to SEFA
Title: Matching
Accounting Policies: The Schedule of Expenditures of Federal awards includes the federal grant activity of Community Unit School District No 196 and is presented on the modified cash basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts prepared in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: They do not use the deminimis.
No matching requirements
Title: Subrecipients
Accounting Policies: The Schedule of Expenditures of Federal awards includes the federal grant activity of Community Unit School District No 196 and is presented on the modified cash basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts prepared in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: They do not use the deminimis.
No payments to subrecipients
Title: Non Cash Assistance
Accounting Policies: The Schedule of Expenditures of Federal awards includes the federal grant activity of Community Unit School District No 196 and is presented on the modified cash basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts prepared in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: They do not use the deminimis.
Non cash commodities for USDA is $41,798
Title: Insurance
Accounting Policies: The Schedule of Expenditures of Federal awards includes the federal grant activity of Community Unit School District No 196 and is presented on the modified cash basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts prepared in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: They do not use the deminimis.
No Insurance paid from federal awards.
Title: Loans
Accounting Policies: The Schedule of Expenditures of Federal awards includes the federal grant activity of Community Unit School District No 196 and is presented on the modified cash basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts prepared in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: They do not use the deminimis.
No loans or loan guarantees