Notes to SEFA
Title: NONCASH
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) presents the activity of all federal award programs of the St. Vrain Valley School District RE-1J (the District) for the fiscal year ended June 30, 2023. The accompanying Schedule is presented on a modified accrual basis of accounting for governmental funds as defined in Note 1 of the District’s basic financial statements. The federal financial reports that are submitted to the grantors are prepared on a cash basis and may not agree with this Schedule.
De Minimis Rate Used: N
Rate Explanation: The District has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance, Section 414.
Commodities donated to the District by the U.S. Department of Agriculture (USDA) of $1,034,565 are valued based on the USDA’s Donated Commodity Price List. These are shown as part of the National School Lunch program (Assistance Listing Numbers 10.555 and 10.559).
Title: PARTNERSHIPS
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) presents the activity of all federal award programs of the St. Vrain Valley School District RE-1J (the District) for the fiscal year ended June 30, 2023. The accompanying Schedule is presented on a modified accrual basis of accounting for governmental funds as defined in Note 1 of the District’s basic financial statements. The federal financial reports that are submitted to the grantors are prepared on a cash basis and may not agree with this Schedule.
De Minimis Rate Used: N
Rate Explanation: The District has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance, Section 414.
Expenditures reflected on the Schedule includes $285,674 that was passed through to partner districts – Las Animas School District, Montezuma Cortez School District RE-1, Cheraw School District, and Estes Park School District R-3.