Notes to SEFA
Title: Education Stabilization
Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared in accordance with the regulatory basis of accounting as set forth in the Kansas Municipal Audit and Accounting Guide. Under the regulatory basis of accounting, revenues are recognized when cash is received. Expenditures include disbursements, accounts payable and encumbrances. Encumbrances are commitments of the District for future payments and are suported by a document evidencing the commitment, such as a purchase order or contract.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
$11,537 was passed through to the Southeast Kansas Special Education Interlocal #637, a subrecipient.