Notes to SEFA
Title: Noncash Programs
Accounting Policies: The accompanying schedule of expenditures of federal awards 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, using 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 to reimbursement. Therefore, some amounts presented in this schedule may differ from amounts presented in the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District does not charge a de minimis indirect cost rate.
Commodities donated to the District by the U.S Department of Agriculture (USDA) of $37,536 are valued based on the USDA’s Donated Commodity Price List. These are shown as part of the
National School Lunch Program (10.555).
Title: Subrecipients
Accounting Policies: The accompanying schedule of expenditures of federal awards 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, using 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 to reimbursement. Therefore, some amounts presented in this schedule may differ from amounts presented in the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District does not charge a de minimis indirect cost rate.
The District did not pass through any federal funds to sub-recipients during the year ended June 30, 2023.