Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the accompanying schedule of expenditures of federal awards (the Schedule) are
reported under generally accepted accounting principles (U.S. GAAP). Such expenditures are recognized
following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain
types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform
Guidance.
The accompanying schedule of expenditures of federal awards includes the federal award activity of
Independent School District No. 38 under programs of the federal government for the year ended June 30,
2023. 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 (Uniform Guidance). Because the Schedule presents only a selected portion
of the operations of Independent School District No. 38, it is not intended to be and does not present the
financial position or changes in net position of Independent School District No. 38.
Title: COMMODITY DISTRIBUTION
Accounting Policies: Expenditures reported on the accompanying schedule of expenditures of federal awards (the Schedule) are
reported under generally accepted accounting principles (U.S. GAAP). Such expenditures are recognized
following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain
types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform
Guidance.
Nonmonetary assistance is reported in the schedule at the fair market value of the commodities received and
disbursed.
Title: PASS-THROUGH ENTITIES
Accounting Policies: Expenditures reported on the accompanying schedule of expenditures of federal awards (the Schedule) are
reported under generally accepted accounting principles (U.S. GAAP). Such expenditures are recognized
following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain
types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform
Guidance.
Pass-through entities listed above without a pass-through number use the same AL numbers as the federal
grantors to identify these grants and have not assigned any additional identifying numbers.
Title: SUBRECIPIENTS
Accounting Policies: Expenditures reported on the accompanying schedule of expenditures of federal awards (the Schedule) are
reported under generally accepted accounting principles (U.S. GAAP). Such expenditures are recognized
following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain
types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform
Guidance.
During 2023, the District did not pass any federal money to subrecipients.