Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: The Schedule is presented using generally accepted accounting principles, as described in the
School District’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not elect to use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the
federal grant activity of the East Greenbush Central School District (School District), under
programs of the federal government for the year ended June 30, 2023. The information in the
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). Because the Schedule presents only a
portion of the operations of the School District, it is not intended to and does not present the
financial position, changes in net position, or cash flows for the School District.
Title: INDIRECT COSTS
Accounting Policies: The Schedule is presented using generally accepted accounting principles, as described in the
School District’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not elect to use the de minimis cost rate.
Indirect costs are included in the reported expenditures to the extent they are included in the
financial reports used as the source for the expenditures presented.
The School District did not elect to use the 10 percent de minimis indirect cost rate as allowed
under the Uniform Guidance.
Title: MATCHING COSTS
Accounting Policies: The Schedule is presented using generally accepted accounting principles, as described in the
School District’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not elect to use the de minimis cost rate.
Matching costs, i.e., the School District’s share of certain program costs, are not included in
the reported expenditures.
Title: SUBRECIPIENTS
Accounting Policies: The Schedule is presented using generally accepted accounting principles, as described in the
School District’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not elect to use the de minimis cost rate.
No amounts were provided to subrecipients.
Title: NONMONETARY ASSISTANCE
Accounting Policies: The Schedule is presented using generally accepted accounting principles, as described in the
School District’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not elect to use the de minimis cost rate.
The School District is the recipient of a federal financial award program that does not result in
cash receipts or disbursements termed a non-monetary program. During the year ended June
30, 2023, the School District received food commodities; the fair value of which amounted to
$42,436 is presented in the Schedule as National School Lunch Program (Assistance Listing
No. 10.555).