Notes to SEFA
Title: basis of presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards is a summary of the activity of SkaneatelesCentral School District's federal award programs and presents transactions that are included in thefinancial statements of the District, as required by accounting principles generally accepted in the UnitedStates of America. Such expenditures are recognized following the cost principles contained in theUniform Guidance, wherein certain types of expenditures are not allowable or are limited as toreimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards presents the activity of federal awardprograms administered by the Skaneateles Central School District, which is described in Note 1 to theDistricts accompanying financial statements. Federal awards that are included in the schedule may bereceived directly from federal agencies, as well as federal awards that are passed through from othergovernment agencies. The information in this schedule is presented in accordance with the requirementsof Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, CostPrinciples, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amountspresented in this schedule may differ from amounts presented in, or used in the preparation of, thefinancial statements. CFDA numbers and passthrough numbers are provided, when available.
Title: food distribution
Accounting Policies: The accompanying schedule of expenditures of federal awards is a summary of the activity of SkaneatelesCentral School District's federal award programs and presents transactions that are included in thefinancial statements of the District, as required by accounting principles generally accepted in the UnitedStates of America. Such expenditures are recognized following the cost principles contained in theUniform Guidance, wherein certain types of expenditures are not allowable or are limited as toreimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The District is the recipient of a federal award program that does not result in cash receipts ordisbursements. The District was granted approximately $9,080 of commodities under the National SchoolLunch Program (CFDA 10.555).