Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: All expenditures included in the schedule of expenditures of federal awards are presented on the basis that expenditures are reported to the respective federal grantor agencies. Accordingly, certain expenditures are recorded when the federal obligation is determined.
De Minimis Rate Used: N
Rate Explanation: The School has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The schedule of expenditures of federal awards reflects federal expenditures for all individual grants which were active during the fiscal year
Title: BASIS OF ACCOUNTING
Accounting Policies: All expenditures included in the schedule of expenditures of federal awards are presented on the basis that expenditures are reported to the respective federal grantor agencies. Accordingly, certain expenditures are recorded when the federal obligation is determined.
De Minimis Rate Used: N
Rate Explanation: The School has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
All expenditures included in the schedule of expenditures of federal awards are presented on the basis that expenditures are reported to the respective federal grantor agencies. Accordingly, certain expenditures are recorded when the federal obligation is determined.
Title: NON MONETARY FEDERAL AWARD S DONATE D FOOD
Accounting Policies: All expenditures included in the schedule of expenditures of federal awards are presented on the basis that expenditures are reported to the respective federal grantor agencies. Accordingly, certain expenditures are recorded when the federal obligation is determined.
De Minimis Rate Used: N
Rate Explanation: The School has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Commonwealth distributes federal surplus food to institutions (schools, hospitals, and prisons) and to the needy. Expenditures reported in the schedule of expenditures of federal awards under ALN 10.555 include federal surplus food consumed by the School during the 2022-2023 fiscal year.
Title: INDIRECT COST
Accounting Policies: All expenditures included in the schedule of expenditures of federal awards are presented on the basis that expenditures are reported to the respective federal grantor agencies. Accordingly, certain expenditures are recorded when the federal obligation is determined.
De Minimis Rate Used: N
Rate Explanation: The School has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The School has not elected to use the 10% de minimis indirect cost rate allowed under Uniform Guidance. For the year ended June 30, 2023, there were no indirect costs included in the schedule of expenditures of federal awards.