Notes to SEFA
Accounting Policies: (1) FEDERAL EXPENDITURES The Schedule of Expenditures of Federal Awards reflects federal expenditures for all individual grants which were active during the fiscal year.(2) BASIS OF ACCOUNTING The District uses the modified accrual method of recording transactions except as noted for the accounting of donated commodities in Note 3. Revenues are recorded when measurable and available. Expenditures are recorded when incurred.(3) NONMONETARY FEDERAL AWARDS DONATED FOOD The Commonwealth of Pennsylvania distributes federal surplus food to institutions (schools, hospitals and prisons) and to the needy. Expenditures reported in the Schedule of Expenditures of Federal Awards and Certain State Grants under Assistance Listing #10.555 USDA Commodities represent federal surplus food consumed by the District during the 2021-2022 fiscal year.(4) INDIRECT COSTS The District has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.