Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures of federal awards are recognized under the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Kansas City Public Schools has elected not to use the 10% de minimis cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal activity of Kansas City Public Schools 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 Kansas City Public Schools, it is not intended to and does not present the financial position, changes in net position, or cash flows of Kansas City Public Schools.
Title: Noncash Assistance
Accounting Policies: Expenditures of federal awards are recognized under the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Kansas City Public Schools has elected not to use the 10% de minimis cost rate allowed under the Uniform Guidance.
The schedule includes federal awards in the form of noncash assistance (food commodities) received during the year in the amount of $784,067 related to the U.S. Department of Agriculture passed through the Missouri Department of Elementary and Secondary Education ALN 10.555.
Title: Subrecipients
Accounting Policies: Expenditures of federal awards are recognized under the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Kansas City Public Schools has elected not to use the 10% de minimis cost rate allowed under the Uniform Guidance.
There were no federal awards passed through to subrecipients for the year ended June 30, 2023.