Notes to SEFA
Title: Special Education and School Age Parents Aid
Accounting Policies: The accompanying schedule of expenditures of federal and state awards includes the federal and state grant activity of the Organization and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and the State Single Audit Guidelines. Therefore, some amounts presented in these schedules may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The Organization has adopted the de minimis 10% indirect cost rate for federal awards. Overhead is typically paid through non-federal source school funding.
Revenue is accrued in the year in which the Organization incurs the costs for Special Education services provided.Local Costs Eligible for Categorical Aid (Project 011) allowable for the year ended June 30, 2022, are $60,811. Wisconsin Department of Public Instruction will reimburse approximately 29%, or $18,000, of this amount as long as the school has not ceased operations.