Title: Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the School
District and is presented on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The School District used the federal unrestricted rate of 10%. The School District has not elected to use the 10-
percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the School
District and is presented on the accrual basis of accounting. The information in this 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. Therefore, some amounts presented
in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
Title: Noncash Assistance
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the School
District and is presented on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The School District used the federal unrestricted rate of 10%. The School District has not elected to use the 10-
percent de minimis indirect cost rate allowed under the Uniform Guidance.
Noncash assistance is reported in the schedule at the fair market value of the commodities received and used.
Commodities for the year ended June 30, 2023, totaled $53,838. Of this amount, fresh fruits and vegetables for
the year ended June 30, 2023, totaled $17,885.
Title: Schedule of Insurance in Effect
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the School
District and is presented on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The School District used the federal unrestricted rate of 10%. The School District has not elected to use the 10-
percent de minimis indirect cost rate allowed under the Uniform Guidance.
Coverage:
Illinois School District Agency
Property and Casualty Umbrella Coverage:
$58,095,483 Limit per Accident
Coverage:
Liberty Mutual
Surety Bond $7,385,068
Coverage:
Worker's Compensation $9,000,000
Employer's Liability $3,000,000
School Board Legal Liability $10,000,000
Title: Loans or Loan Guarantees
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the School
District and is presented on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The School District used the federal unrestricted rate of 10%. The School District has not elected to use the 10-
percent de minimis indirect cost rate allowed under the Uniform Guidance.
None
Title: Sub-Recipients
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the School
District and is presented on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The School District used the federal unrestricted rate of 10%. The School District has not elected to use the 10-
percent de minimis indirect cost rate allowed under the Uniform Guidance.
The total amount provided to sub-recipients from all Federal Programs is $-0-.
Title: Federal Indirect Rate
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the School
District and is presented on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The School District used the federal unrestricted rate of 10%. The School District has not elected to use the 10-
percent de minimis indirect cost rate allowed under the Uniform Guidance.
The School District used the federal unrestricted rate of 10%. The School District has not elected to use the 10-
percent de minimis indirect cost rate allowed under the Uniform Guidance.